VORNADO REALTY TRUST

For the period ended May 21, 2026. Filed Apr 7, 2026.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 21, 2026 · Filed Apr 7, 2026

VNO$35.82-0.1%Stored close · as of Nov 6, 2026

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Contents

Summary Compensation Table

		VORNADO REALTY TRUST				47

	2026 PROXY STATEMENT

EXECUTIVE COMPENSATION

The following table sets forth (in accordance with the reporting requirements of the SEC) the compensation of each of the Company’s Chief Executive Officer, President and Chief Financial Officer and three NEOs for 2025, 2024 and 2023.

2025 Summary Compensation Table

Name and Principal Position · · · Year · · · Salary ($) · · · Bonus ($)(1) · · · Stock Awards ($)(2) · · · Option Awards ($)(3) · · · Non- Equity Incentive Plan Compensation ($) · · · Change in Pension Value and Non-qualified Deferred Compensation Earnings ($) · · · All Other Compensation ($)(4) · · · · Total ($) · ·
Steven Roth Chairman and Chief Executive Officer (Principal Executive Officer)		2025		1,000,000		1,760,067		—		—		—		—		375,561		3,135,628
	2024		1,000,000		1,500,000		—		—		—		—		356,837		2,856,837
	2023		1,000,000		3,700,000		12,900,812		8,898,750		—		—		343,952		26,843,514
Michael J. Franco President and Chief Financial Officer (Principal Financial Officer)		2025		1,000,000		1,753,356		—		—		—		—		48,626		2,801,982
	2024		1,000,000		1,500,000		—		—		—		—		48,187		2,548,187
	2023		1,000,000		2,900,000		6,661,826		6,610,500		—		—		67,885		17,240,211
Haim Chera Executive Vice President— Head of Retail Leasing		2025		1,000,000		1,500,000		—		—		—		—		182,884		2,682,884
	2024		1,000,000		1,501,119		—		—		—		—		498,125		2,999,244
	2023		1,000,000		1,500,000		3,006,736		3,390,000		—		—		540,401		9,437,137
Barry S. Langer Executive Vice President— Development, Co-Head of Real Estate		2025		1,000,000		1,750,000		—		—		—		—		25,894		2,775,894
	2024		1,000,000		1,500,000		—		—		—		—		25,519		2,525,519
	2023		1,000,000		2,900,000		5,197,582		5,085,000		—		—		25,144		14,207,726
Glen J. Weiss Executive Vice President—Office Leasing, Co-Head of Real Estate		2025		1,000,000		1,750,000		—		—		—		—		360,596		3,110,596
	2024		1,000,000		1,500,000		—		—		—		—		348,947		2,848,947
	2023		1,000,000		2,900,000		5,457,610		5,085,000		—		—		366,295		14,808,905

(1)

The information provided includes cash bonuses for services that are rendered in the year indicated and are awarded in the first quarter of the next year. The 2025 amounts for each of Messrs. Roth and Franco includes a payment for long-term service with the Company of $10,067 and $3,356 respectively, and the 2024 amount for Mr. Chera includes a payment for long-term service with the Company of $1,119. These payments are made to each Vornado employee on the five-year anniversary of the employee’s employment commencement date with Vornado, and every fifth year thereafter, in amounts equal to a net payment of $100 per year of service. For 2023, amounts include Development Fee Pool allocations of $2.2 million for Mr. Roth and $1.4 million for each of Messrs. Franco, Langer and Weiss.

(2)

Information presented in this column includes the value of grants of restricted units and LTPP Units granted during the applicable period. Information presented in these columns reflects the aggregate Grant Date Fair Value of equity awards granted in the applicable fiscal year computed in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in footnote 12 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC. Pursuant to the rules and regulations of the SEC, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions. Dividends or dividend equivalents are paid on both the vested and unvested portion of restricted share and restricted unit awards. As required by SEC rules, the amounts presented in this column also include the Grant Date Fair Value of both restricted unit awards and of performance awards (such as our LTPP awards). Assuming that maximum performance would have been achieved under our 2023 performance-based equity awards, the value at the grant date of the awards would each have been as follows: Mr. Roth—$7,218,600; Mr. Franco—$2,187,500; Mr. Chera—$698,200; Mr. Langer—$1,758,300; and Mr. Weiss—$2,027,200. For 2025, 2024, and 2023, the Grant Date Fair Value of time-based restricted unit and LTPP awards were as follows:

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