Mark H. Lundy - Apr 9, 2021 Form 4 Insider Report for BRT Apartments Corp. (BRT)

Role: VICE PRESIDENT
Signature: /s/ Mark H. Lundy
Stock symbol: BRT
Transactions as of: Apr 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/11/2021, 06:16 PM
Next filing: Aug 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BRT	Common Stock	Options Exercise		+23.1K	+10.42%		245K	Apr 9, 2021	Direct	F1
transaction	BRT	Common Stock	Award	$0	+14.8K	+6.04%	$0.00	260K	Jun 9, 2021	Direct	F2
holding	BRT	Common Stock						1.22K	Apr 9, 2021	By spouse as custodian for reporting person's minor children

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	BRT	Restricted Stock Units	Options Exercise		-23.1K	-100%		0	Apr 9, 2021	Common Stock	23.1K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the receipt of shares upon satisfaction of specified metrics with respect to restricted stock units granted on June 6, 2016. See Note 3.
F2	These shares were issued as restricted stock effective June 9, 2021 under the issuer's 2020 Incentive Plan. Generally, subject to the reporting person's continued relationship with issuer, the shares vest on June 8, 2026.
F3	Represents the achievement of specified metrics relating to such restricted stock units which were issued in 2016 and for which the measurement period ended March 31, 2021. See Note 1. After giving effect to the exchange of the number of RSUs reflected in Column 5 of Table II for the equivalent number of shares of common stock reflected in Table I, the reporting person does not own any derivative securities.