Victor B. Macfarlane - 04 Jan 2022 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role
Director
Signature
/s/ Victor B. MacFarlane
Issuer symbol
VRE
Transactions as of
04 Jan 2022
Transactions value $
$19,375
Form type
4
Filing time
06 Jan 2022, 15:07:51 UTC
Previous filing
17 Nov 2021
Next filing
05 Apr 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VRE Phantom Stock Units Award $19.4K +1.01K +74.32% $19.15 2.37K 04 Jan 2022 Common Stock, $0.01 par value 1.01K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom stock units convert to common stock on a one-for-one basis.
F2 The number of phantom stock units awarded is comprised of a quarterly director's fee earned under the Mack-Cali Realty Corporation Deferred Compensation Plan for Directors.
F3 The phantom stock units were accrued under the Mack-Cali Realty Corporation Deferred Compensation Plan for Directors and are to be settled 100% in Mack-Cali Realty Corporation common stock upon the termination of the reporting person's service on the Board of Directors of Mack-Cali Realty Corporation or upon a change in control of Mack-Cali Realty Corporation.