Veris Residential (VRE) director reports 1,838.818 new phantom stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veris Residential, Inc. director Frederic Cumenal reported an update to his deferred equity holdings. On 12/31/2025, he was credited with 1,838.818 phantom stock units at an exercise price of $0 under the company’s Deferred Compensation Plan for Directors. These units convert to common stock on a one-for-one basis and reflect a quarterly director fee plus a quarterly dividend credited on cumulative phantom stock units.
After this award, Cumenal beneficially owned 37,533.31 derivative securities in the form of phantom stock units, held directly. The units are to be settled 100% in Veris Residential common stock upon his termination from the Board of Directors or upon a change in control of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cumenal Frederic
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,838.818 | $14.88 | $27K |
Holdings After Transaction:
Phantom Stock Units — 37,533.31 shares (Direct)
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 insider transaction did Veris Residential (VRE) report for 12/31/2025?
On 12/31/2025, Veris Residential director Frederic Cumenal was credited with 1,838.818 phantom stock units under the Deferred Compensation Plan for Directors.
Who is the reporting person in this Veris Residential (VRE) Form 4 filing?
The reporting person is Frederic Cumenal, who is identified as a Director of Veris Residential, Inc.
What are the terms of the phantom stock units reported by Veris Residential (VRE)?
The phantom stock units convert to Veris Residential common stock on a one-for-one basis and have an exercise price of $0.
How were the 1,838.818 phantom stock units for Veris Residential (VRE) director calculated?
The 1,838.818 phantom stock units consist of a quarterly director's fee earned and a quarterly dividend credited on cumulative phantom stock units under the Deferred Compensation Plan for Directors.
When will the Veris Residential (VRE) phantom stock units be settled?
The phantom stock units are to be settled 100% in Veris Residential common stock upon the director’s termination of service on the Board or upon a change in control of the company.
How many derivative securities does the Veris Residential (VRE) director own after this transaction?
Following the reported transaction, Frederic Cumenal beneficially owned 37,533.31 derivative securities in the form of phantom stock units, held directly.
What plan governs the phantom stock units for Veris Residential (VRE) directors?
The phantom stock units were accrued under the Veris Residential, Inc. Deferred Compensation Plan for Directors.