Veris Residential (VRE) CFO logs tax-withholding share disposition
Rhea-AI Filing Summary
Veris Residential, Inc. chief financial officer Amanda Lombard reported a tax-withholding disposition of 2,837 shares of common stock. These shares were forfeited to settle taxes due on shares issued when time-vesting restricted stock units vested, rather than sold in the open market.
After this net share settlement, Lombard directly holds 103,636 shares of Veris Residential common stock, indicating she retains a substantial equity position in the company following the routine tax-related transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,837 shares
Net Sell
1 txn
Insider
Lombard Amanda
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 2,837 | $18.868 | $54K |
Holdings After Transaction:
Common Stock, $0.01 par value — 103,636 shares (Direct)
Footnotes (1)
- F1. Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Veris Residential (VRE) report for Amanda Lombard?
Veris Residential reported that CFO Amanda Lombard had 2,837 common shares withheld and forfeited to cover taxes on vested restricted stock units. This was a tax-withholding disposition, not an open-market stock sale or purchase, and is a routine compensation-related event.
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 on shares issued when time-vesting restricted stock units vested, a common administrative mechanism in equity compensation programs rather than a discretionary sale decision.
What does transaction code F mean in the Veris Residential (VRE) Form 4?
Transaction code F on this Form 4 indicates payment of tax liability by delivering or forfeiting securities. In this case, 2,837 Veris Residential common shares were withheld to settle taxes due on vested restricted stock units, instead of the officer paying cash for the tax obligation.
What type of equity award triggered the Veris Residential (VRE) tax withholding?
The tax withholding was triggered by the vesting of time-vesting restricted stock units. When these restricted stock units converted into Veris Residential common shares, a portion of the shares was forfeited to cover associated tax liabilities through a net share settlement mechanism.