4//SEC Filing
Beinecke Candace K 4
Accession 0001415889-23-008400
CIK 0000899689other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:30 PM ET
Size
11.2 KB
Accession
0001415889-23-008400
Insider Transaction Report
Form 4
Beinecke Candace K
Director
Transactions
- Exercise/Conversion
Common Shares
2023-05-18+9,095→ 32,199.39 total - Award
Restricted Units
2023-05-18+13,436→ 13,436 total→ Common Shares (13,436 underlying) - Exercise/Conversion
Phantom Units
2023-05-18−9,095→ 8,365 total→ Common Shares (9,095 underlying)
Footnotes (6)
- [F1]On May 18, 2023, Ms. Beinecke received 9,095 Common shares of beneficial interest, par value $.04 per share (the "Common Shares"), of Vornado Realty Trust (the "Company") in settlement of an equal number of Phantom Units held pursuant to the Vornado Realty Trust Nonqualified Deferred Compensation Plan.
- [F2]Common Shares of the Company. The number of Common Shares shown includes 9,385.952 shares acquired through the reporting individual's participation in the Company's Amended and Restated Dividend Reinvestment Plan.
- [F3]Conversion or exercise price of 1 for 1. The Phantom Units represent compensation deferred by the Reporting Person into interests held through the Vornado Realty Trust Nonqualified Deferred Compensation Plan that are valued with respect to the underlying security, which in this case is common shares of Vornado Realty Trust.
- [F4]The Phantom Units were settled by a distribution to the Reporting Person of the underlying security from the Vornado Realty Trust Nonqualified Deferred Compensation Plan.
- [F5]On May 18, 2023, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P . (the "Operating Partnership"), the operating partnership of Vornado Realty Trust. The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership. Class A Units are redeemable by the holder for cash or, at the Company's election, common shares of beneficial interest, $0.04 par value per share of the Company on a one for one basis or the cash value of such shares.
- [F6]These Restricted Units vest immediately. These units are not transferable until the reporting person is no longer serving as a member of the Company's Board of Trustees, other than in connection with a conversion of the Restricted Units to Class A Units and a redemption of such Class A Units for Common Shares. Any Common Shares issued in connection with such a redemption must be held by the reporting person until such person is no longer a member of the Company's Board of Trustees.
Documents
Issuer
VORNADO REALTY TRUST
CIK 0000899689
Entity typeother
Related Parties
1- filerCIK 0001413999
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:30 PM ET
- Size
- 11.2 KB