Form 4: BRT Director Rosenzweig Receives Restricted Stock Grant

BRT Apartments Corp. Director Israel Rosenzweig was granted 1,859 shares of restricted stock under the company's 2024 Incentive Plan, vesting in 2031.

Summary

• Israel Rosenzweig, a Director and 10% Owner of BRT Apartments Corp. (BRT), reported an acquisition of securities.
• On January 9, 2026, Rosenzweig was granted 1,859 shares of Common Stock as restricted stock under the issuer's 2024 Incentive Plan.
• These shares were issued at a price of $0, indicating a grant rather than a purchase.
• The restricted shares are generally subject to vesting on or about January 8, 2031, contingent on Rosenzweig's continued relationship with the issuer.
• Following this transaction, Rosenzweig directly beneficially owns 499,917.973 shares of Common Stock, which includes shares acquired through the issuer's dividend reinvestment plan.
• Indirect beneficial ownership includes 41,194 shares held by Gould Investors L.P. pension trust, where Rosenzweig is a trustee.
• Additionally, 250,566 shares are indirectly owned through REIT Management Corp. Pension Plan and 401(k) Tax Deferred Savings Plan Profit Sharing Trust, where Rosenzweig also serves as a trustee.
• The total beneficial ownership reported is 791,677.973 shares (499,917.973 direct + 41,194 indirect + 250,566 indirect).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. While a routine transaction, the grant of restricted stock to a director aligns their interests with shareholders and indicates a long-term commitment, which is generally viewed favorably. It does not, however, represent a significant new development for the company's operations or financial performance.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The shares vest over a multi-year period (until 2031), indicating a long-term commitment from the director to the company's success.

Future Outlook

The restricted stock grant is subject to a vesting schedule, with shares generally vesting on or about January 8, 2031, contingent on the reporting person's continued relationship with BRT Apartments Corp.

Industry Context

The grant of restricted stock to a director is a common practice in the real estate investment trust (REIT) industry and broader corporate landscape, used to compensate directors and align their long-term interests with shareholder value creation.

Comparison to Industry Standards

• Restricted stock grants are a standard component of executive and director compensation packages across various industries, including REITs, as they incentivize long-term performance and retention.
• The vesting period until 2031 is a typical long-term incentive structure, comparable to similar plans seen in other publicly traded companies.

Corporate Governance

Related Party Transactions

• Israel Rosenzweig indirectly beneficially owns shares through Gould Investors L.P. pension trust and REIT Management Corp. pension and profit sharing trusts, where he serves as a trustee. These represent related party holdings.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director helps align the director's financial interests with those of the shareholders, potentially leading to decisions that enhance long-term shareholder value.
• Management/Directors: The restricted stock serves as a form of long-term incentive compensation, encouraging retention and performance.

Next Steps

• The restricted shares will vest on or about January 8, 2031, assuming the reporting person maintains their relationship with the issuer.

Key Dates

Recommendation

This Form 4 reports a routine restricted stock grant to a director, which is a standard compensation practice and aligns management interests with shareholders. It does not provide new fundamental information to alter an investment thesis or warrant a change in investment recommendation based solely on this filing.

Keywords

BRT Apartments Corp, BRT, Israel Rosenzweig, Form 4, insider transaction, restricted stock, equity grant, director compensation, beneficial ownership