Key facts
- This page summarizes Haim Chera's Form 4 filing for VORNADO REALTY TRUST (VNO).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 09 Feb 2024, 17:01.
Haim Chera - 08 Feb 2024 Form 4 Insider Report for VORNADO REALTY TRUST (VNO)
- Reporting relationship
- EVP- HEAD OF RETAIL
- Issuer ticker
- VNO
- Reported as of
- 08 Feb 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 09 Feb 2024, 17:01:04 UTC
- Prior SEC filing
- 03 Jul 2023
- Next SEC filing
- 07 Feb 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ryan Saum, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Haim Chera filed Form 4 for VORNADO REALTY TRUST (VNO) on 09 Feb 2024.
Change
- Previous filing in this sequence was filed on 03 Jul 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VNO
transaction
Derivative
LTIP Units
Award
- Transaction value
- $0
- Shares
- +14,911
- Change %
- Price
- $0.000000
- Shares after
- 14,911
- Date
- 08 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 14,911
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents LTIP Units of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of Vornado Realty Trust (the "Company"). The LTIP 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. The rights to convert LTIP Units into Class A Units and redeem Class A Units do not have expiration dates.
Footnote F2
The LTIP Units were originally issued in January 2023 and were subject to performance-based vesting hurdles based on achievement of operational performance metrics for the year ended December 31, 2023, and remain subject to certain additional performance-based vesting hurdles based on the Company's total shareholder return for the period from January 11, 2023 through January 11, 2026 (the "TSR Performance Period"). On February 8, 2024, the Company's Compensation Committee determined the level of achievement of the operational performance-based vesting hurdles for these LTIP Units, resulting in the number of LTIP Units reported initially being earned, which amount may be adjusted downwards by up to 30.0% at the conclusion of the TSR Performance Period based on the Company's total shareholder return.
Footnote F3
Earned LTIP Units will vest in equal installments on each of January 11, 2026 and January 11, 2027, subject to continued employment. Each LTIP and Class A Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year transfer restriction pursuant to which such LTIP Unit and Class A Unit generally may not be transferred, and the redemption right associated with the Class A Unit may not be exercised until one year after the vesting date.