X0306 4 2019-01-02 0 0000761648 CEDAR REALTY TRUST, INC. CDR 0001522587 Schanzer Bruce J 44 SOUTH BAYLES AVENUE PORT WASHINGTON NY 11050 1 1 0 0 Pres. & Chief Exec. Officer Common Stock 2019-01-02 4 A 0 250000 0.00 A 2361393 D Common Stock 2019-01-02 4 F 0 79050 3.14 D 2282343 D Represents shares of restricted stock granted to the Reporting Person under the Issuer's 2017 Stock Incentive Plan in connection with the entering into of the Amended and Restated Employment Agreement between the Issuer and the Reporting Person effective as of June 15, 2018 ("Effective Date"), the receipt of which shares has been deferred. Such shares of restricted stock will vest on the 5th anniversary of the Effective Date, provided that the Reporting Person remains continuously employed for the entire vesting period through such 5th anniversary. Shares of previously reported restricted stock surrendered for payment of tax liability incident to receipt of vested deferred restricted stock award. /s/ Bruce J. Schanzer 2019-01-03