Form 4: BRT Director Elie Weiss Acquires Restricted Stock

BRT Apartments Corp. Director Elie Weiss acquired 4,250 shares of restricted common stock, increasing his direct beneficial ownership to over 104,000 shares.

Summary

• Elie Weiss, a Director and 10% Owner of BRT Apartments Corp. (BRT), acquired 4,250 shares of common stock.
• The transaction occurred on January 9, 2026, and involved the acquisition of restricted stock under the issuer's 2024 Incentive Plan.
• The acquired shares were issued at a price of $0 and are generally subject to vesting on or about January 8, 2031, contingent on the reporting person's continued relationship with the issuer.
• Following this transaction, Elie Weiss's direct beneficial ownership increased to 104,556.216 shares, which includes shares acquired through the issuer's dividend reinvestment plan.
• Elie Weiss also holds an indirect beneficial ownership of 271 shares through his spouse.

Sentiment

Score: 6

Explanation: The acquisition of restricted stock by a director, even at a $0 price, generally indicates continued commitment and aligns the director's interests with long-term shareholder value, subject to vesting.

Positives

• Increased insider ownership by a Director and 10% Owner, which can signal confidence in the company's future prospects.
• The grant of restricted stock aligns the director's long-term interests with those of shareholders, as vesting is contingent on continued service.

Risks

• The restricted shares are subject to a vesting period until approximately January 8, 2031, meaning the reporting person's full ownership is not immediate.
• The value of the acquired shares is subject to the future market performance of BRT Apartments Corp. common stock.

Future Outlook

The vesting schedule of the restricted stock until approximately January 8, 2031, implies an expectation of the director's continued service and contribution to the company's long-term performance.

Industry Context

This transaction is a routine insider compensation event within the real estate investment trust (REIT) sector, where equity grants are common for aligning management and director interests with long-term shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased alignment of a key director's interests with long-term shareholder value through equity ownership.
• Employees: The transaction is part of an incentive plan, which is a common compensation tool for key personnel.

Next Steps

• Continued service of Elie Weiss with BRT Apartments Corp. to meet vesting conditions for the restricted stock.
• Vesting of the 4,250 restricted shares on or about January 8, 2031.

Key Dates

Keywords

BRT Apartments Corp., Elie Weiss, Form 4, Insider Transaction, Restricted Stock, Beneficial Ownership, Director, Equity Incentive Plan, Dividend Reinvestment Plan