Chera Haim 4

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.