Form 4: Thomas R. DiBenedetto Receives Deferred Stock Units in Alexanders Inc.

Director Thomas R. DiBenedetto received 357 Deferred Stock Units of Alexanders Inc. on May 23, 2024, which will convert to common stock upon his departure from the Board of Directors.

Summary

• On May 23, 2024, Thomas R. DiBenedetto, a director of Alexanders Inc., received a grant of 357 Deferred Stock Units.
• These units entitle him to an equivalent number of shares of Alexanders Inc. common stock without any payment.
• The Deferred Stock Units vest immediately, but the underlying common stock will not be delivered until he is no longer serving on the company's Board of Directors.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with neutral sentiment.

Positives

• The grant of Deferred Stock Units aligns the director's interests with the long-term performance of the company.

Future Outlook

The common stock underlying the Deferred Stock Units is not deliverable until the reporting person is 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 incentivize the director to act in the best interests of shareholders.

Key Dates