X0306 4 2020-03-26 0 0000899689 VORNADO REALTY TRUST VNO 0000904503 ROTH STEVEN 888 SEVENTH AVENUE NEW YORK NY 10019 1 1 0 0 Chairman & CEO Restricted Units 2020-03-26 4 M 0 13237 D Common Shares 13237 0 D Restricted Units 2020-03-26 4 M 0 36560 D Common Shares 36560 36562 D Class A Units 2020-03-26 4 M 0 49797 A Common Shares 49797 711613 D On January 14, 2016, the reporting person received a grant of Restricted Units of the Operating Partnership. These Restricted Units are being converted into Class A Units on a one for one basis pursuant to their terms. These Restricted Units vested in equal portions over a four-year period. The initial vesting occurred on January 10, 2017. On March 15, 2018, the reporting person received a grant of Restricted Units of the Operating Partnership. These Restricted Units are being converted into Class A Units on a one for one basis pursuant to their terms. These Restricted Units vested in equal portions over a four-year period. The initial vesting occurred on March 15, 2019. Class A Units are redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement) by the holder for cash or, at the issuer's election, Common Shares of the issuer on a one for one basis or the cash value of such shares. These Class A Units are immediately redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement) by the holder for cash or, at the issuer's election,Common Shares of the Issuer on a one for one basis or the cash value of such shares. Class A Units do not have expiration dates. /s/ Steven Santora, Attorney in Fact 2020-03-30