Veris Residential (VRE) EVP uses 2,369 shares for tax settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veris Residential EVP and General Counsel Taryn D. Fielder reported a tax-related share disposition. On the vesting of time-based restricted stock units, 2,369 shares of common stock were forfeited to satisfy taxes through net share settlement, as noted in the footnote. Following this withholding transaction, she directly holds 125,141 shares of Veris Residential common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fielder Taryn D.
Role
EVP, GENERAL COUNSEL & SEC.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value | 2,369 | $18.868 | $45K |
Holdings After Transaction:
Common Stock, $0.01 par value — 125,141 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Veris Residential (VRE) report for Taryn D. Fielder?
Veris Residential reported that EVP and General Counsel Taryn D. Fielder had 2,369 common shares forfeited to cover taxes on vested time-based restricted stock units, using a net share settlement method rather than an open-market sale of shares.
Was the Veris Residential (VRE) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were forfeited to satisfy tax obligations arising from the vesting of time-vesting restricted stock units through net share settlement, according to the transaction code and accompanying footnote.
What does transaction code F mean in the Veris Residential (VRE) Form 4 filing?
Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. In this case, 2,369 shares were withheld for tax obligations related to the vesting of time-vesting restricted stock units, rather than being sold on the open market.
What is the nature of the restricted stock units referenced in Veris Residential (VRE)'s Form 4?
The Form 4 footnote states the transaction relates to time-vesting restricted stock units. Shares issued upon vesting triggered tax liabilities, which were settled by forfeiting 2,369 shares through net share settlement rather than through a separate cash payment.