Frederic Cumenal - 30 Sep 2023 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role
Director
Signature
/s/ Frederic Cumenal
Issuer symbol
VRE
Transactions as of
30 Sep 2023
Transactions value $
$25,732
Form type
4
Filing time
03 Oct 2023, 18:00:13 UTC
Previous filing
06 Jul 2023
Next filing
03 Jan 2024
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 $25.7K +1.56K +7.55% $16.50 22.2K 30 Sep 2023 Common Stock, $0.01 par value 1.56K $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 and a quarterly dividend credited on cumulative phantom stock units 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.