VRE Form 4: Director granted 1,648.248 phantom stock units
Rhea-AI Filing Summary
Victor B. MacFarlane, a director of Veris Residential, Inc. (VRE), was granted 1,648.248 phantom stock units on 09/30/2025 under the company's Deferred Compensation Plan for Directors. The phantom units convert one-for-one into common stock and were awarded as a combination of a quarterly director fee and a quarterly dividend credited on cumulative phantom stock units. The units are accrued and will be settled 100% in common stock upon the reporting person's termination from the board or upon a change in control. Following the award, the reporting person beneficially owns 24,231.504 shares (direct).
Positive
- 1,648.248 phantom stock units awarded to a director on 09/30/2025
- Phantom units convert one-for-one into common stock upon settlement
- Award composed of a quarterly director's fee and a quarterly dividend credit
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,648.248 | $15.20 | $25K |
Footnotes (1)
- The phantom stock units convert to common stock on a one-for-one basis. 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. 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.
FAQ
What did Victor B. MacFarlane report on Form 4 for VRE?
How do the phantom stock units convert for VRE?
When will the phantom units be settled into VRE common stock?
What comprised the phantom unit award in this filing?