STOCK TITAN

[Form 4] Veris Residential, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Digital Realty Trust, Inc. (DLR) filed a Form 4 reporting that Director VeraLinn Jamieson acquired 143 Long-Term Incentive Units (profits-interest units) on 06/30/2025. These derivative securities were received under transaction code A (grant/acquisition) at an exercise price of $0. Following the award, the director now directly holds 12,797 LTIP units.

Each LTIP unit is convertible on a 1-for-1 basis into common limited partnership units of Digital Realty Trust, L.P. (“Common Units”) once vesting and parity conditions are met. Common Units are, in turn, redeemable for cash equal to the fair-market value of one share of DLR common stock, or—at the issuer’s discretion—for one share of common stock. No common stock was sold; the filing solely reflects an equity incentive grant, resulting in no immediate cash outlay and negligible dilution to existing shareholders.

The transaction is routine for board compensation and does not materially alter the company’s capital structure or insider ownership profile.

Digital Realty Trust, Inc. (DLR) ha presentato un Modulo 4 segnalando che la Direttrice VeraLinn Jamieson ha acquisito 143 Unità di Incentivo a Lungo Termine (unità a interesse di profitto) il 30/06/2025. Questi strumenti derivati sono stati ricevuti con il codice transazione A (concessione/acquisizione) a un prezzo di esercizio di 0$. Dopo l'assegnazione, la direttrice detiene ora direttamente 12.797 unità LTIP.

Ogni unità LTIP è convertibile in una proporzione 1:1 in unità comuni di società in accomandita semplice di Digital Realty Trust, L.P. (“Unità Comuni”) una volta soddisfatte le condizioni di maturazione e parità. Le Unità Comuni, a loro volta, possono essere riscattate in denaro pari al valore equo di mercato di una azione ordinaria DLR oppure – a discrezione dell’emittente – in una azione ordinaria. Non sono state vendute azioni ordinarie; la comunicazione riflette esclusivamente una concessione di incentivi azionari, comportando nessuna spesa immediata in contanti e una diluizione trascurabile per gli azionisti attuali.

La transazione è una procedura abituale per la remunerazione del consiglio e non modifica in modo significativo la struttura del capitale della società né il profilo di proprietà degli insider.

Digital Realty Trust, Inc. (DLR) presentó un Formulario 4 informando que la Directora VeraLinn Jamieson adquirió 143 Unidades de Incentivo a Largo Plazo (unidades de interés en beneficios) el 30/06/2025. Estos valores derivados se recibieron bajo el código de transacción A (concesión/adquisición) con un precio de ejercicio de $0. Tras la adjudicación, la directora posee ahora directamente 12,797 unidades LTIP.

Cada unidad LTIP es convertible en una proporción 1 a 1 en unidades comunes de sociedad limitada de Digital Realty Trust, L.P. (“Unidades Comunes”) una vez que se cumplan las condiciones de adquisición y paridad. Las Unidades Comunes, a su vez, pueden ser canjeadas por efectivo equivalente al valor justo de mercado de una acción común de DLR o —a discreción del emisor— por una acción común. No se vendieron acciones comunes; la presentación refleja únicamente una concesión de incentivos de capital, resultando en ningún desembolso de efectivo inmediato y una dilución insignificante para los accionistas existentes.

La transacción es rutinaria en la compensación del consejo y no altera materialmente la estructura de capital de la empresa ni el perfil de propiedad interna.

Digital Realty Trust, Inc. (DLR)는 이사 VeraLinn Jamieson2025년 6월 30일143개의 장기 인센티브 유닛(이익 참여 유닛)을 취득했다고 Form 4를 제출했습니다. 이 파생 증권은 행사 가격 $0로 거래 코드 A(부여/취득)로 받았습니다. 수여 후, 이사는 현재 직접 12,797개의 LTIP 유닛을 보유하고 있습니다.

각 LTIP 유닛은 베스팅 및 동등 조건이 충족되면 1:1 비율로 Digital Realty Trust, L.P.의 일반 합자 회사 단위(“일반 유닛”)로 전환 가능합니다. 일반 유닛은 다시 DLR 보통주 1주에 해당하는 공정 시장 가치에 상응하는 현금으로 상환 가능하며, 발행자의 재량에 따라 보통주 1주로도 교환할 수 있습니다. 보통주는 판매되지 않았으며, 이번 제출은 오로지 지분 인센티브 부여를 반영한 것으로 즉각적인 현금 지출 없이 기존 주주에게 미미한 희석 효과만 발생합니다.

이 거래는 이사회 보상에 있어 일상적인 절차이며 회사의 자본 구조나 내부자 소유 구조에 중대한 변화를 주지 않습니다.

Digital Realty Trust, Inc. (DLR) a déposé un formulaire 4 indiquant que la directrice VeraLinn Jamieson a acquis 143 unités d’incitation à long terme (unités d’intérêt sur les bénéfices) le 30/06/2025. Ces titres dérivés ont été reçus sous le code de transaction A (attribution/acquisition) à un prix d’exercice de 0 $. Suite à cette attribution, la directrice détient désormais directement 12 797 unités LTIP.

Chaque unité LTIP est convertible à raison de 1 pour 1 en parts limitées ordinaires de Digital Realty Trust, L.P. (« Parts Ordinaires ») une fois les conditions d’acquisition et de parité remplies. Les Parts Ordinaires peuvent ensuite être rachetées en espèces pour une valeur équitable correspondant à une action ordinaire DLR, ou – à la discrétion de l’émetteur – contre une action ordinaire. Aucune action ordinaire n’a été vendue ; le dépôt reflète uniquement une attribution d’incitation en actions, entraînant aucune sortie de trésorerie immédiate et une dilution négligeable pour les actionnaires existants.

Cette opération est courante dans le cadre de la rémunération du conseil d’administration et ne modifie pas de manière significative la structure du capital ni le profil de propriété des initiés.

Digital Realty Trust, Inc. (DLR) reichte ein Formular 4 ein, das berichtet, dass Direktorin VeraLinn Jamieson am 30.06.2025 143 Langfristige Anreiz-Einheiten (Gewinnbeteiligungseinheiten) erworben hat. Diese derivativen Wertpapiere wurden unter dem Transaktionscode A (Gewährung/Erwerb) zu einem Ausübungspreis von 0 $ erhalten. Nach der Zuteilung hält die Direktorin nun direkt 12.797 LTIP-Einheiten.

Jede LTIP-Einheit ist nach Erfüllung der Vesting- und Paritätsbedingungen im Verhältnis 1:1 in Stamm-Kommanditanteile von Digital Realty Trust, L.P. („Stammanteile“) umwandelbar. Die Stammanteile können wiederum gegen Bargeld in Höhe des fairen Marktwerts einer DLR-Stammaktie eingelöst oder – nach Ermessen des Emittenten – gegen eine Stammaktie getauscht werden. Es wurden keine Stammaktien verkauft; die Meldung spiegelt ausschließlich eine Aktienanreizgewährung wider, was keine sofortigen Barausgaben und eine vernachlässigbare Verwässerung für bestehende Aktionäre bedeutet.

Die Transaktion ist routinemäßig für die Vergütung des Vorstands und ändert die Kapitalstruktur oder das Insiderbesitzprofil des Unternehmens nicht wesentlich.

Positive
  • Alignment of interests: Granting LTIP units ties the director’s compensation directly to Digital Realty’s long-term equity performance.
Negative
  • None.

Insights

TL;DR: Routine 143-unit equity grant; immaterial to valuation.

The Form 4 shows Jamieson added 143 LTIP units—roughly 0.001% of DLR’s ~380 million fully diluted share equivalent—bringing her derivative tally to 12,797 units. The grant has no strike price, so there is no cash cost to the director and minimal dilution to shareholders. Such equity awards are standard components of director compensation and align insider incentives with long-term shareholder value. From a valuation or liquidity standpoint, the filing is non-material, offering neither bullish nor bearish signal.

TL;DR: Governance-aligned incentive; neutral market impact.

The award reinforces best-practice governance by compensating outside directors with performance-linked LTIP units rather than cash. Because units vest only after specific hurdles and convert 1-for-1 into partnership units, the structure encourages long-term oversight. However, given the small size and absence of disposals, investors should view this as routine board remuneration, not an indicator of management sentiment or operational change.

Digital Realty Trust, Inc. (DLR) ha presentato un Modulo 4 segnalando che la Direttrice VeraLinn Jamieson ha acquisito 143 Unità di Incentivo a Lungo Termine (unità a interesse di profitto) il 30/06/2025. Questi strumenti derivati sono stati ricevuti con il codice transazione A (concessione/acquisizione) a un prezzo di esercizio di 0$. Dopo l'assegnazione, la direttrice detiene ora direttamente 12.797 unità LTIP.

Ogni unità LTIP è convertibile in una proporzione 1:1 in unità comuni di società in accomandita semplice di Digital Realty Trust, L.P. (“Unità Comuni”) una volta soddisfatte le condizioni di maturazione e parità. Le Unità Comuni, a loro volta, possono essere riscattate in denaro pari al valore equo di mercato di una azione ordinaria DLR oppure – a discrezione dell’emittente – in una azione ordinaria. Non sono state vendute azioni ordinarie; la comunicazione riflette esclusivamente una concessione di incentivi azionari, comportando nessuna spesa immediata in contanti e una diluizione trascurabile per gli azionisti attuali.

La transazione è una procedura abituale per la remunerazione del consiglio e non modifica in modo significativo la struttura del capitale della società né il profilo di proprietà degli insider.

Digital Realty Trust, Inc. (DLR) presentó un Formulario 4 informando que la Directora VeraLinn Jamieson adquirió 143 Unidades de Incentivo a Largo Plazo (unidades de interés en beneficios) el 30/06/2025. Estos valores derivados se recibieron bajo el código de transacción A (concesión/adquisición) con un precio de ejercicio de $0. Tras la adjudicación, la directora posee ahora directamente 12,797 unidades LTIP.

Cada unidad LTIP es convertible en una proporción 1 a 1 en unidades comunes de sociedad limitada de Digital Realty Trust, L.P. (“Unidades Comunes”) una vez que se cumplan las condiciones de adquisición y paridad. Las Unidades Comunes, a su vez, pueden ser canjeadas por efectivo equivalente al valor justo de mercado de una acción común de DLR o —a discreción del emisor— por una acción común. No se vendieron acciones comunes; la presentación refleja únicamente una concesión de incentivos de capital, resultando en ningún desembolso de efectivo inmediato y una dilución insignificante para los accionistas existentes.

La transacción es rutinaria en la compensación del consejo y no altera materialmente la estructura de capital de la empresa ni el perfil de propiedad interna.

Digital Realty Trust, Inc. (DLR)는 이사 VeraLinn Jamieson2025년 6월 30일143개의 장기 인센티브 유닛(이익 참여 유닛)을 취득했다고 Form 4를 제출했습니다. 이 파생 증권은 행사 가격 $0로 거래 코드 A(부여/취득)로 받았습니다. 수여 후, 이사는 현재 직접 12,797개의 LTIP 유닛을 보유하고 있습니다.

각 LTIP 유닛은 베스팅 및 동등 조건이 충족되면 1:1 비율로 Digital Realty Trust, L.P.의 일반 합자 회사 단위(“일반 유닛”)로 전환 가능합니다. 일반 유닛은 다시 DLR 보통주 1주에 해당하는 공정 시장 가치에 상응하는 현금으로 상환 가능하며, 발행자의 재량에 따라 보통주 1주로도 교환할 수 있습니다. 보통주는 판매되지 않았으며, 이번 제출은 오로지 지분 인센티브 부여를 반영한 것으로 즉각적인 현금 지출 없이 기존 주주에게 미미한 희석 효과만 발생합니다.

이 거래는 이사회 보상에 있어 일상적인 절차이며 회사의 자본 구조나 내부자 소유 구조에 중대한 변화를 주지 않습니다.

Digital Realty Trust, Inc. (DLR) a déposé un formulaire 4 indiquant que la directrice VeraLinn Jamieson a acquis 143 unités d’incitation à long terme (unités d’intérêt sur les bénéfices) le 30/06/2025. Ces titres dérivés ont été reçus sous le code de transaction A (attribution/acquisition) à un prix d’exercice de 0 $. Suite à cette attribution, la directrice détient désormais directement 12 797 unités LTIP.

Chaque unité LTIP est convertible à raison de 1 pour 1 en parts limitées ordinaires de Digital Realty Trust, L.P. (« Parts Ordinaires ») une fois les conditions d’acquisition et de parité remplies. Les Parts Ordinaires peuvent ensuite être rachetées en espèces pour une valeur équitable correspondant à une action ordinaire DLR, ou – à la discrétion de l’émetteur – contre une action ordinaire. Aucune action ordinaire n’a été vendue ; le dépôt reflète uniquement une attribution d’incitation en actions, entraînant aucune sortie de trésorerie immédiate et une dilution négligeable pour les actionnaires existants.

Cette opération est courante dans le cadre de la rémunération du conseil d’administration et ne modifie pas de manière significative la structure du capital ni le profil de propriété des initiés.

Digital Realty Trust, Inc. (DLR) reichte ein Formular 4 ein, das berichtet, dass Direktorin VeraLinn Jamieson am 30.06.2025 143 Langfristige Anreiz-Einheiten (Gewinnbeteiligungseinheiten) erworben hat. Diese derivativen Wertpapiere wurden unter dem Transaktionscode A (Gewährung/Erwerb) zu einem Ausübungspreis von 0 $ erhalten. Nach der Zuteilung hält die Direktorin nun direkt 12.797 LTIP-Einheiten.

Jede LTIP-Einheit ist nach Erfüllung der Vesting- und Paritätsbedingungen im Verhältnis 1:1 in Stamm-Kommanditanteile von Digital Realty Trust, L.P. („Stammanteile“) umwandelbar. Die Stammanteile können wiederum gegen Bargeld in Höhe des fairen Marktwerts einer DLR-Stammaktie eingelöst oder – nach Ermessen des Emittenten – gegen eine Stammaktie getauscht werden. Es wurden keine Stammaktien verkauft; die Meldung spiegelt ausschließlich eine Aktienanreizgewährung wider, was keine sofortigen Barausgaben und eine vernachlässigbare Verwässerung für bestehende Aktionäre bedeutet.

Die Transaktion ist routinemäßig für die Vergütung des Vorstands und ändert die Kapitalstruktur oder das Insiderbesitzprofil des Unternehmens nicht wesentlich.

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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cumenal Frederic

(Last) (First) (Middle)
C/O VERIS RESIDENTIAL, INC.
HARBORSIDE 3, 210 HUDSON ST., STE. 400

(Street)
JERSEY CITY NJ 07311

(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)
06/30/2025
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) 06/30/2025 A 1,818.188(2) (3) (3) Common Stock, $0.01 par value 1,818.188 $14.89 33,903.992 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/ Frederic Cumenal 07/02/2025
** 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 insider transaction did Digital Realty Trust (DLR) report?

A director received 143 Long-Term Incentive Units on 06/30/2025, disclosed in Form 4.

How many derivative securities does VeraLinn Jamieson own after the grant?

She now directly holds 12,797 LTIP units.

Can the LTIP units be converted into DLR common stock?

Yes. Once vested and at full parity, each unit can convert 1-for-1 into a Common Unit, which is redeemable for cash or one DLR share.

Was any DLR common stock sold in this filing?

No. The filing reflects an equity grant; there were no sales or purchases of common stock.

Does the filing affect Digital Realty Trust’s share count?

The 143-unit award represents a de minimis potential dilution and is immaterial to the overall share base.
Veris Residential Inc

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REIT - Residential
Real Estate Investment Trusts
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United States
JERSEY CITY