Chera Haim 4
4 · VORNADO REALTY TRUST · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Vornado (VNO) EVP Chera Haim Converts 100,000 Units to Shares
What Happened
Chera Haim, Executive Vice President and Head of Retail at Vornado Realty Trust, converted 100,000 Class A Units of Vornado Realty L.P. into 100,000 common shares of Vornado on May 6, 2026. The filing shows 100,000 shares acquired at $0.00 (conversion) and a corresponding disposition entry for a derivative instrument; no cash was paid in the conversion.
Key Details
- Transaction date: 2026-05-06; Form 4 filed 2026-05-08 (appears timely, within the usual two-business-day window).
- Acquired: 100,000 common shares via conversion, price reported $0.00 (derivative conversion).
- Disposed: 100,000 derivative units (conversion of the derivative security), reported as N/A for price/value.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 clarifies the security is Vornado common shares; F2 explains Class A Units of the Operating Partnership are redeemable or convertible one-for-one into common shares and that 100,000 Class A Units were converted into 100,000 common shares.
- No 10b5‑1 plan, tax-withholding, or sale noted in the filing.
Context
This was a conversion of partnership units into common shares—not an open-market purchase or sale. Conversions like this typically transfer ownership form (units → shares) without a cash purchase at the time of conversion; they should be viewed as a corporate-structure/ownership change rather than a buying or selling signal by itself.
Insider Transaction Report
- Conversion
Common Shares
[F1]2026-05-06+100,000→ 200,000 total - Conversion
Class A Units
[F2]2026-05-06−100,000→ 148,913 total→ Common Shares (100,000 underlying)
Footnotes (2)
- [F1]Common shares of beneficial interest, par value $.04 per share (the "Common Shares"), of Vornado Realty Trust ("the Company").
- [F2]Class A Units of Vornado Realty L.P. (the "Operating Partnership"), are redeemable by the holder for cash or, at the Company's election, common shares of the Company on a one-for-one basis or the cash value of such shares. The right to convert Class A Units into Common Shares does not have an expiration date. A total of 100,000 Class A Units of the Operating Partnership were converted by the Reporting Person on a one-for-one basis into an equal number of shares of the Company's Common Shares.