Veris Residential (VRE) director reports 1,838.818 new phantom stock units in Form 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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,838.818 | $14.88 | $27K |
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?
Who is the reporting person in this Veris Residential (VRE) Form 4 filing?
What are the terms of the phantom stock units reported by Veris Residential (VRE)?
How were the 1,838.818 phantom stock units for Veris Residential (VRE) director calculated?
When will the Veris Residential (VRE) phantom stock units be settled?
How many derivative securities does the Veris Residential (VRE) director own after this transaction?
What plan governs the phantom stock units for Veris Residential (VRE) directors?