Steven Roth - Jan 12, 2022 Form 4 Insider Report for VORNADO REALTY TRUST (VNO)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Ryan G. Saum, Attorney in Fact
Stock symbol
VNO
Transactions as of
Jan 12, 2022
Transactions value $
$0
Form type
4
Date filed
1/14/2022, 03:40 PM
Previous filing
Jul 15, 2021
Next filing
May 20, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VNO Restricted Units Award +78K 78K Jan 12, 2022 Common Shares 78K Direct F1, F2
transaction VNO Restricted Units Award +22.1K 22.1K Jan 12, 2022 Common Shares 22.1K Direct F1, F3
transaction VNO Restricted Units Award +17.6K 17.6K Jan 12, 2022 Common Shares 17.6K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 12, 2022, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of Vornado Realty Trust (the "Company"). The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership ("Class A Units"). Class A Units of 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.
F2 The Restricted Units vest in four equal installments on January 10, 2023, 2024, 2025 and 2026, subject to the reporting person's continuous service with the Company at each vesting date.
F3 These Restricted Units vest ratably throughout 2022, subject to the continued employment of the reporting person during the vesting period.
F4 These Restricted Units were immediately vested on the grant date.