Frederic Cumenal - 05 Jul 2022 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role
Director
Signature
/s/ Frederic Cumenal
Issuer symbol
VRE
Transactions as of
05 Jul 2022
Transactions value $
$21,250
Form type
4
Filing time
07 Jul 2022, 16:42:18 UTC
Previous filing
17 Jun 2022
Next filing
05 Oct 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 $21.3K +1.59K +12.17% $13.36 14.7K 05 Jul 2022 Common Stock, $0.01 par value 1.59K $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 Veris Residential, Inc. Deferred Compensation Plan for Directors.
F3 The phantom stock units were accrued under the Veris Residential, Inc. Deferred Compensation Plan for Directors and are to be settled 100% in Veris Residential, Inc. common stock upon the termination of the reporting person's service on the Board of Directors of Veris Residential, Inc. or upon a change in control of Veris Residential, Inc.