Weiss Glen J. bought VNO

Footnotes

Represents LTIP Units of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of Vornado Realty Trust (the "Company"). The LTIP Units are a class of units of the Operating Partnership that following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership ("Class A Units"). Class A Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, common shares of the Company on a one-for-one basis or the cash value of such shares. The rights to convert LTIP Units into Class A Units and redeem Class A Units do not have expiration dates.; Pursuant to the terms of the Vornado Realty Trust 2021 Outperformance Plan (the "Plan") the LTIP Units referenced in this Form 4 were issued on January 12, 2021 and were "earned" upon the achievement of performance hurdles as of January 12, 2025, subject to a determination by the Compensation Committee of the Company's Board of Trustees (the "Compensation Committee") that such hurdles were met. The determination that these performance hurdles were met was made by the Compensation Committee on February 6, 2025.; Represents 67,294 LTIP Units "earned" as of February 6, 2025, based upon certain performance hurdles having been met by the Company and the percentage of the Reporting Person's interest in the performance pool established by the Company under the Plan (the "OPP Base Units"), plus 9,836 LTIP Units (the "OPP Dividend Accrual Units") earned as an accrual for dividends payable on the OPP Base Units.; The OPP Dividend Accrual Units and one-half of the Base Units were vested when earned, and the other one-half of the OPP Base Units vest on January 12, 2026, subject to continued employment.