Form 4: Russell B. Wight Jr. Receives Deferred Stock Units in Alexanders Inc.

Russell B. Wight Jr., a director and 10% owner of Alexanders Inc., received a grant of 357 Deferred Stock Units on May 23, 2024.

Summary

• On May 23, 2024, Russell B. Wight Jr., a director and 10% owner of Alexanders Inc. [ALX], received a grant of 357 Deferred Stock Units.
• These Deferred Stock Units entitle the reporting person to an equivalent number of shares of Common Stock of the Company without any consideration.
• The Deferred Stock Units vest immediately, but the underlying Common Stock is not deliverable until Wight Jr. is no longer serving on the Company's Board of Directors.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock unit grants, with neutral sentiment.

Future Outlook

The reporting person will receive shares of common stock equivalent to the Deferred Stock Units 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 aligns the director's interests with those of the shareholders.

Key Dates