Bassey Beatrice Hamza 4

What Happened

• Bassey Beatrice Hamza, a director of Vornado Realty Trust (VNO), was granted 7,168 restricted units in Vornado Realty L.P. on 2026-05-21. The grant is reported as a derivative award (code A); no per-unit price or cash value is reported (N/A). This is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 22, 2026 (timely within SEC two-business-day requirement).
• Security/amount: 7,168 Restricted Units of Vornado Realty L.P. (derivative instrument).
• Price/value: N/A (award/grant, no cash price listed).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: Restricted Units are convertible into an equivalent number of Class A Units of the Operating Partnership, and Class A Units are redeemable for cash or, at the company's election, one common share per unit (or cash value). The units vest immediately but are non-transferable while the reporting person remains a trustee, and any common shares issued on redemption must be held until the person is no longer a trustee.

Context

• These are restricted partnership units (a derivative equity award) rather than an open-market purchase or sale. They vest immediately but carry transfer and holding restrictions tied to board service; they can convert into units that are redeemable for cash or common shares on a one-for-one basis. This is a routine director compensation award and should be interpreted as an equity grant, not a trading signal.