Veris Residential (VRE) director adds 1,907.928 phantom stock units
Rhea-AI Filing Summary
Veris Residential, Inc. director A. Akiva Katz reported receiving additional phantom stock units tied to the company’s common stock. On 12/31/2025, he acquired 1,907.928 phantom stock units at a conversion price of
The phantom stock units convert to Veris Residential common stock on a one-for-one basis and are to be settled entirely in shares when his Board service ends or upon a change in control of the company. Following this award, Katz beneficially holds 26,893.346 derivative securities representing phantom stock units, reported as directly owned.
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FAQ
What insider transaction did Veris Residential (VRE) disclose in this Form 4?
The filing shows that director A. Akiva Katz acquired 1,907.928 phantom stock units of Veris Residential, Inc. on 12/31/2025 under the company’s Deferred Compensation Plan for Directors.
How many Veris Residential (VRE) phantom stock units does the director now hold?
After the reported transaction, A. Akiva Katz beneficially owns 26,893.346 derivative securities in the form of phantom stock units, reported as direct ownership.
What is a phantom stock unit in the Veris Residential (VRE) director plan?
Under the Veris Residential, Inc. Deferred Compensation Plan for Directors, each phantom stock unit converts into one share of common stock, with value tied to the company’s stock but settled in shares at a later date.
When will Veris Residential (VRE) phantom stock units be settled for this director?
The phantom stock units are to be settled 100% in Veris Residential common stock upon the termination of A. Akiva Katz’s service on the Board of Directors or upon a change in control of the company.
How was the number of Veris Residential (VRE) phantom stock units determined in this award?
The 1,907.928 phantom stock units awarded reflect a quarterly director’s fee earned plus a quarterly dividend credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors.
What is the underlying Veris Residential (VRE) security for these phantom stock units?
The phantom stock units are linked to Veris Residential, Inc. common stock, $0.01 par value, with 1,907.928 shares of common stock underlying the newly reported phantom units on a one-for-one basis.