Bruce J. Schanzer - Jul 15, 2021 Form 4 Insider Report for CEDAR REALTY TRUST, INC. (CDR)

Role
Pres. & Chief Exec. Officer, Director
Signature
/s/ Bruce J. Schanzer
Stock symbol
CDR
Transactions as of
Jul 15, 2021
Transactions value $
-$875,129
Form type
4
Date filed
7/23/2021, 05:14 PM
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDR Common Stock Award $0 +114K +33.01% $0.00 458K Jul 15, 2021 Direct F1
transaction CDR Common Stock Tax liability -$875K -53.2K -11.61% $16.46 405K Jul 15, 2021 Direct F2, F3
holding CDR Common Stock 6.17K Jul 15, 2021 See Footnote F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock earned from the vesting of performance-based restricted stock units previously granted to the Reporting Person pursuant to the Amended and Restated Employment Agreement between the Issuer and the Reporting Person effective as of June 15, 2018.
F2 Represents shares surrendered to cover tax liability upon vesting.
F3 On November 27, 2020, the Company effected a one-for-6.6 reverse stock split (the "Reverse Stock Split") of its shares of common stock, par value $0.06 per share. The number of securities beneficially owned was adjusted by dividing by 6.6 to reflect the Reverse Stock Split.
F4 These shares are owned by the reporting person as custodian for his four children under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these shares.