Weiss Glen J. 4

What Happened Glen J. Weiss, Executive Vice President and Head of Leasing (Real Estate) at Vornado Realty Trust (VNO), was granted 48,374 long-term incentive plan (LTIP) units on February 5, 2026. The units were reported as a derivative award (transaction code A) at $0.00 in the Form 4 filing. These 48,374 LTIP Units consist of 44,930 performance (LTPP Base) units plus 3,444 dividend-accrual units; they are convertible into Class A units of Vornado Realty L.P. and ultimately redeemable for cash or, at the company's election, one-for-one into Vornado common shares.

Key Details

• Transaction date: 2026-02-05; filed 2026-02-06 (timely filing).
• Amount: 48,374 LTIP Units reported at $0.00 (derivative award; no cash paid).
• Vesting: One-half of the Base Units and one-half of the Dividend Accrual Units vested immediately (24,187 units vested when earned); the remaining 24,187 units vest on January 12, 2027, subject to continued employment.
• Conversion/restrictions: LTIP Units convert to Class A Units (one-for-one), which are redeemable for cash or common shares. Converted units and Class A Units are subject to an additional one-year transfer restriction and the redemption right may not be exercised until one year after vesting.
• Footnote summary: Units were originally issued under the 2023 Long Term Performance Plan; vesting reflects achievement of relative total shareholder return performance metrics through the performance period ending January 12, 2026.
• Shares owned after transaction: Not specified in the filing.

Context This was a performance-based, derivative compensation award (not an open-market buy or sale). Such LTIP unit grants reward long-term performance versus peers; half of the award is immediately vested while the remainder is time‑based contingent on continued employment, and converted units remain subject to transfer/redeem restrictions for an additional year after vesting.