Puri Mandakini 4

What Happened
Puri Mandakini, a director of Alexander's, Inc. (ALX), was granted 505 Deferred Stock Units (DSUs) on May 21, 2026. The DSUs entitle her to an equivalent number of common shares without payment; the grant is reported as a derivative award (transaction code A) and shows no per-share price or immediate cash value (price = N/A). The units vest immediately, but the underlying common stock will not be delivered until she is no longer serving on the Company’s Board.

Key Details

• Transaction date: May 21, 2026; Form 4 filed: May 22, 2026 (timely; insiders must file within two business days).
• Transaction type/code: Grant/Award of Deferred Stock Units (A).
• Shares/units granted: 505 DSUs (each converts to one share upon delivery).
• Price / reported value: N/A (no cash paid).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — DSUs granted without payment; F2 — DSUs vest immediately but shares are not deliverable until the director leaves the Board.
• Filing timeliness: Reported promptly (not a late filing).

Context
Deferred stock units are a common form of director compensation that create a future right to stock rather than an immediate market transaction. Because delivery is deferred until Mandakini leaves the board, there was no immediate change in market ownership or sale proceeds. Awards like this are routine and should be viewed as compensation, not necessarily a direct signal of the director’s view on near-term share price.