BRT Apartments Corp. — Form 10-Q

BRT Apartments granted performance-based restricted stock units (RSUs) to unnamed participant(s) effective June 23, 2026, under the 2026 Incentive Plan. Award structure: AFFO Units vesting on 4%-8% AFFO CAGR (2026-2029 performance cycle, base AFFO as of June 30, 2026, concluding AFFO June 30, 2029); TSR Units vesting on 6.25%-11%+ TSR CAGR with peer-group adjustment (FTSE NAREIT Equity Apartment Index). Specific share counts and participant identity are blank/redacted in the filing. Vesting ranges from 0% (below threshold) to 100% (at/above maximum); pro-rata vesting between levels. Forfeiture upon non-DDR termination before June 30, 2029; pro-rata vesting on death/disability/retirement or change in control. Dividend equivalents paid in cash post-vesting. Peer-group adjustment: +25% if TSR in top quartile, -25% if bottom quartile.