Form 4: Vornado Realty Trust: CEO Steven Roth Reports Changes in Beneficial Ownership

Steven Roth, Chairman and CEO of Vornado Realty Trust, reports changes in his beneficial ownership of common shares due to a distribution from a grantor retained annuity trust.

Summary

• Steven Roth, the Chairman and CEO of Vornado Realty Trust, filed a Form 4 detailing changes in his beneficial ownership of the company's common shares.
• On May 16, 2025, 283,727 common shares were distributed from a grantor retained annuity trust (2023 GRAT) to a family trust of which Roth is not a trustee.
• Roth indirectly holds shares through various entities, including a 2024 GRAT (84,493 shares), a 2025 GRAT (131,780 shares), Interstate Properties partnership (3,519,032 shares), an LLC (2,609,551 shares), his spouse (42,350 shares), and the Daryl and Steven Roth Foundation (3,873 shares).
• Roth disclaims beneficial ownership of shares held by the partnership, his spouse, and the foundation, except to the extent of his pecuniary interest or voting/investment power.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of Vornado Realty Trust.

Key Dates

Keywords

Vornado Realty Trust, Steven Roth, beneficial ownership, Form 4, common shares, grantor retained annuity trust, GRAT, Interstate Properties, Daryl and Steven Roth Foundation