Form 4: Wendy Silverstein Receives Deferred Stock Units in Alexanders Inc (ALX)

Director Wendy Silverstein received 357 deferred stock units of Alexanders Inc (ALX) on May 23, 2024, which vest immediately but are not deliverable until she is no longer a board member.

Summary

• Wendy Silverstein, a director of Alexanders Inc (ALX), received a grant of 357 Deferred Stock Units on May 23, 2024.
• These units entitle her to an equivalent number of shares of Common Stock without any payment.
• The Deferred Stock Units vest immediately.
• The underlying Common Stock will not be delivered until she ceases to be a member of the Company's Board of Directors.

Sentiment

Score: 5

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

Future Outlook

The reporting person will receive 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