Form 4: David Mandelbaum Receives Deferred Stock Units in Alexanders Inc.

Director David Mandelbaum received 357 Deferred Stock Units in Alexanders Inc. on May 23, 2024, which vest immediately but are not deliverable until he is no longer a board member.

Summary

• David Mandelbaum, a director and 10% owner of Alexanders Inc., received a grant of 357 Deferred Stock Units on May 23, 2024.
• These units entitle him to an equivalent number of shares of Common Stock without any payment.
• The Deferred Stock Units vest immediately, but the underlying Common Stock will not be delivered until Mandelbaum is no longer serving on the Company's Board of Directors.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating a standard compensation practice. It's neutral to slightly positive as it aligns director interests with company performance.

Positives

• The grant of Deferred Stock Units aligns Mandelbaum's interests with the long-term performance of Alexanders Inc.

Future Outlook

The reporting person will receive common stock when they are no longer serving as a member of the Company's Board of Directors.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of Deferred Stock Units could potentially incentivize the director to act in the best interests of shareholders.

Key Dates