Form 4: Alexander's Inc. Director David Mandelbaum Reports Acquisition of Deferred Stock Units

David Mandelbaum, a Director and 10% Owner of Alexander's Inc. (ALX), reported the acquisition of 346 deferred stock units, aligning his interests with shareholders.

Summary

• David Mandelbaum, a Director and 10% Owner of Alexander's Inc. (ALX), reported the acquisition of 346 Deferred Stock Units (DSUs) on May 22, 2025.
• These DSUs entitle Mr. Mandelbaum to an equivalent number of shares of Alexander's Inc. Common Stock without any payment.
• The Deferred Stock Units vested immediately upon grant.
• The underlying Common Stock will not be delivered until Mr. Mandelbaum ceases to serve as a member of the Company's Board of Directors.

Sentiment

Score: 7

Explanation: The grant of equity to a director and 10% owner is generally a positive sign of alignment and commitment, though it's a routine compensation event rather than a major strategic announcement.

Positives

• The grant of Deferred Stock Units to Director David Mandelbaum aligns his long-term interests with those of Alexander's Inc. shareholders.
• Immediate vesting of the 346 Deferred Stock Units indicates a clear entitlement to the equity.

Future Outlook

The Deferred Stock Units granted to Director David Mandelbaum will convert into common stock upon his departure from the Board of Directors, indicating a long-term retention incentive.

Industry Context

This filing is a routine disclosure of insider equity compensation, common across all industries, including the real estate investment trust (REIT) sector where Alexander's Inc. operates. Such grants are standard practice for aligning director incentives with company performance and shareholder value.

Related Party Transactions

• The grant of 346 Deferred Stock Units to David Mandelbaum, a Director and 10% Owner, constitutes a related party transaction as it involves compensation to an insider.

Stakeholder Impact

• Shareholders: The grant of equity to a director aligns their interests with shareholders, potentially leading to better long-term decision-making focused on shareholder value.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The Common Stock underlying the Deferred Stock Units will be delivered to David Mandelbaum upon his cessation of service as a member of Alexander's Inc.'s Board of Directors.

Key Dates

Keywords

Alexander's Inc., ALX, SEC Form 4, Deferred Stock Units, DSU, Insider Trading, Director Compensation, Equity Grant, Beneficial Ownership, Real Estate Investment Trust, REIT