Veris Residential director granted phantom stock units
Veris Residential, Inc. director Frederic Cumenal received a grant of 159.123 phantom stock units on common stock.
Rhea-AI Filing Summary
Veris Residential, Inc. director Frederic Cumenal received a grant of 159.123 phantom stock units on common stock. These units convert into common shares on a one-for-one basis and increased his cumulative phantom stock holdings to 37,692.433 units.
The award reflects a quarterly dividend credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors. All phantom stock units are to be settled 100% in Veris Residential common stock when his Board service ends or if a change in control occurs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 159.123 shares
Grant/Award
1 txn
Insider
Cumenal Frederic
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 159.123 | $18.87 | $3K |
Holdings After Transaction:
Phantom Stock Units — 37,692.433 contracts (Direct)
Footnotes (3)
- F1. The phantom stock units convert to common stock on a one-for-one basis.
- F2. The number of phantom stock units awarded is comprised of a quarterly dividend credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors.
- F3. 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.
Key Figures
Phantom stock units granted: 159.123 units
Price reference per unit: $18.87 per unit
Total phantom units after grant: 37,692.433 units
+1 more
4 metrics
Phantom stock units granted
159.123 units
Award credited on 2026-03-31 under directors’ plan
Price reference per unit
$18.87 per unit
Transaction price per phantom stock unit
Total phantom units after grant
37,692.433 units
Cumulative phantom stock units following transaction
Conversion ratio
1 unit : 1 share
Phantom stock units convert to common stock one-for-one
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Directors, change in control
3 terms
Phantom Stock Units financial
"The phantom stock units convert to common stock on a one-for-one basis."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Directors financial
"under the Veris Residential, Inc. Deferred Compensation Plan for Directors."
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
change in control financial
"upon a change in control of Veris Residential, Inc."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Veris Residential (VRE) director Frederic Cumenal report on this Form 4?
Director Frederic Cumenal reported receiving 159.123 phantom stock units linked to Veris Residential common stock. The grant was made under the Deferred Compensation Plan for Directors and represents a quarterly dividend credit on his existing phantom stock balance.
How many phantom stock units does Frederic Cumenal hold after this Veris Residential (VRE) transaction?
After the award, Frederic Cumenal holds a total of 37,692.433 phantom stock units. Each unit is tied to Veris Residential common stock on a one-for-one basis and will ultimately be settled in shares under the plan’s terms.
What are Veris Residential (VRE) phantom stock units as disclosed in this filing?
The phantom stock units are rights that convert into Veris Residential common stock on a one-for-one basis. They are accrued under the Deferred Compensation Plan for Directors and are settled entirely in common stock at the end of Board service or upon a change in control.
Why were 159.123 phantom stock units granted to the Veris Residential (VRE) director?
The 159.123 phantom stock units represent a quarterly dividend credited on cumulative phantom stock units. This credit is made under the Veris Residential Deferred Compensation Plan for Directors, effectively mirroring dividends that would be earned on equivalent common shares.
When will Frederic Cumenal’s Veris Residential (VRE) phantom stock units be settled into common stock?
The phantom stock units will be settled 100% in Veris Residential common stock when Frederic Cumenal’s service on the Board ends or if a change in control of the company occurs, according to the plan terms described.
AI-generated analysis. How Rhea-AI works. Not financial advice.
