Vornado Realty Trust: EVP Weiss Glen J. exercised 150,246 shares

What happened

• Weiss Glen J., EVP- Off. Leasing Co Head R.E., exercised or converted derivatives resulting in 150,246 underlying shares. On Oct 6, 2026, 100,000 shares were disposed at $0.00 and 50,246 shares were acquired at N/A, according to the Form 4.

Key details

• Transaction date(s): Oct 6, 2026. Filing date: Oct 8, 2026.
• Reported transactions are coded M (exercise or conversion of derivative).
• 100,000 shares disposed at $0.00; 50,246 shares acquired at N/A.
• Shares owned after the transaction: not reported in the information provided.
• Footnote F1: On Jun 29, 2023, the reporting person received 1,517,295 appreciation-only restricted units (AO RUs) of Vornado Realty L.P.; 303,459 vested on Jun 29, 2026 and 1,213,836 vest on Jun 29, 2027. AO RUs convert upon vesting based on a formula using $16.6777 and the value of a Company common share.
• Footnote F2: Class A Units of the Operating Partnership are redeemable for cash or, at the company's election, one common share per unit or the cash value; the conversion right has no expiration date.
• The filing does not indicate it was late.

Why it may matter

• The Form 4 shows an exercise/conversion of derivatives with part of the resulting shares disposed and part acquired, rather than a single open-market purchase or sale.
• These transactions relate to AO RUs and the Operating Partnership conversion mechanics described in the footnotes.
• The filing does not show why the insider traded or why the company acted.