Veris Residential (VRE) director adds 1,692 phantom stock units in deferred plan
Rhea-AI Filing Summary
Veris Residential, Inc. reported that a director acquired additional deferred equity through phantom stock units. On 12/31/2025, the director was granted 1,692.731 phantom stock units at an exercise price of $0 under the Veris Residential, Inc. Deferred Compensation Plan for Directors. These units convert into Veris Residential common stock on a one-for-one basis and are to be settled entirely in common stock when the director’s Board service ends or upon a change in control of the company. Following this transaction, the director held 25,924.235 derivative securities in the form of phantom stock units, all reported as directly owned.
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FAQ
What insider transaction did Veris Residential (VRE) report in this Form 4?
A Veris Residential, Inc. director reported acquiring 1,692.731 phantom stock units on 12/31/2025 under the company’s Deferred Compensation Plan for Directors.
Who is the reporting person in this Veris Residential (VRE) Form 4 filing?
The Form 4 is signed by Victor B. MacFarlane, 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 a stated exercise price of $0.
How were the 1,692.731 phantom stock units for the Veris Residential (VRE) director determined?
The filing states that the 1,692.731 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 into common stock?
The phantom stock units are to be settled 100% in Veris Residential common stock upon the termination of the reporting person’s service on the Board of Directors or upon a change in control of Veris Residential, Inc.
How many Veris Residential (VRE) phantom stock units does the director hold after this transaction?
After the reported transaction, the director beneficially owned 25,924.235 derivative securities in the form of phantom stock units, reported as held directly.