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