Form 4: Vornado Realty Trust Director Candace K. Beinecke Acquires Shares Through Deferred Compensation Plan

Director Candace K. Beinecke acquired 3,472 common shares of Vornado Realty Trust on May 7, 2025, through the settlement of phantom units under the company's Nonqualified Deferred Compensation Plan.

Summary

• On May 7, 2025, Candace K. Beinecke, a director of Vornado Realty Trust, acquired 3,472 common shares.
• These shares were obtained through the settlement of an equal number of phantom units held under the Vornado Realty Trust Nonqualified Deferred Compensation Plan.
• The reporting individual now beneficially owns 38,421.069 common shares, which includes 13,455.069 shares acquired through the company's Amended and Restated Dividend Reinvestment Plan.
• The phantom units represent compensation deferred by the reporting person into interests held through the Vornado Realty Trust Nonqualified Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, specifically the acquisition of shares through a deferred compensation plan, which is a common practice among publicly traded companies to align the interests of directors and shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves the acquisition of shares by a director through a pre-existing compensation plan.

Key Dates

Keywords

Vornado Realty Trust, Candace K. Beinecke, Form 4, Beneficial Ownership, Common Shares, Phantom Units, Deferred Compensation Plan, Director, VNO, Dividend Reinvestment Plan