STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

VRE Form 4: Akiva Katz receives 1,857.788 phantom units; owns 24,985.418 shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Akiva Katz, a director of Veris Residential, Inc. (VRE), was awarded 1,857.788 phantom stock units on 09/30/2025 under the company's Deferred Compensation Plan for Directors. The filing states the phantom units convert to common stock on a one‑for‑one basis and the award represents a quarterly director fee plus a quarterly dividend credited on cumulative phantom units. After the award, Mr. Katz directly beneficially owns 24,985.418 shares of Veris common stock. The phantom units are to be settled 100% in common stock upon the reporting person’s termination of Board service or upon a change in control.

Positive

  • 1,857.788 phantom stock units awarded, showing director compensation credited under the Deferred Compensation Plan
  • Phantom units convert one‑for‑one to common stock and are to be settled 100% in common stock on termination or change in control
  • Reporting person holds 24,985.418 shares of common stock following the award

Negative

  • None.

Insights

Director received deferred compensation in phantom units convertible one‑for‑one to common stock.

The Form 4 documents a non‑cash award of 1,857.788 phantom stock units dated 09/30/2025. The filing specifies these units were credited as a quarterly director fee and a quarterly dividend under the Deferred Compensation Plan for Directors.

The units convert one‑for‑one into common shares and will be settled entirely in common stock upon the director’s board service termination or a change in control, per the filing. This creates a clear, documented pathway from deferred units to equity for this reporting person.

Filing shows director compensation is equity‑settled upon exit or change in control.

The disclosure states the phantom units were accrued and will be settled 100% in Veris common stock upon termination of service or change in control. That settlement mechanism is explicitly described in the Form 4.

Post‑award, the director’s direct beneficial ownership is reported as 24,985.418 shares, a fact useful for assessing insider holdings and potential voting influence.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
KATZ A. AKIVA

(Last) (First) (Middle)
C/O BOW STREET LLC
595 MADISON AVENUE, 29TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Veris Residential, Inc. [ VRE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units $0(1) 09/30/2025 A 1,857.788(2) (3) (3) Common Stock, $0.01 par value 1,857.788 $15.2 24,985.418 D
Explanation of Responses:
1. The phantom stock units convert to common stock on a one-for-one basis.
2. 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.
3. 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.
/s/ A. Akiva Katz 10/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Veris Residential director Akiva Katz receive on 09/30/2025 (VRE)?

Per the Form 4, Mr. Katz was awarded 1,857.788 phantom stock units on 09/30/2025 under the Veris Deferred Compensation Plan for Directors.

How do the phantom stock units convert to Veris common stock (VRE)?

The filing states the phantom stock units convert to common stock on a one‑for‑one basis.

When will the phantom units be settled into Veris (VRE) common stock?

The Form 4 specifies settlement 100% in common stock upon the reporting person’s termination of Board service or upon a change in control.

How many Veris shares does Akiva Katz beneficially own after the award (VRE)?

The filing reports Mr. Katz beneficially owns 24,985.418 shares following the reported transaction.

What comprised the awarded phantom stock units (VRE)?

The filing explains the 1,857.788 phantom units represent a quarterly director’s fee earned plus a quarterly dividend credited on cumulative phantom units.
Veris Residential Inc

NYSE:VRE

VRE Rankings

VRE Latest News

VRE Latest SEC Filings

VRE Stock Data

1.36B
78.82M
9.63%
101.03%
3.86%
REIT - Residential
Real Estate Investment Trusts
Link
United States
JERSEY CITY