STOCK TITAN

Veris Residential (VRE) director adds phantom stock units under board plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Veris Residential, Inc. director reports phantom stock award

A director of Veris Residential, Inc. reported receiving 1,841.91 phantom stock units on 12/31/2025 under the company’s Deferred Compensation Plan for Directors. These units convert into common stock on a one-for-one basis and are tied to the company’s common stock with a reference price of $14.88 per share. The filing shows the director now beneficially owns 38,111.544 derivative securities in the form of phantom stock units, held directly. The phantom units represent a combination of quarterly director fees and dividends credited on cumulative phantom stock units, and are to be settled entirely in Veris Residential common stock upon the director’s board service ending or upon a change in control of the company.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lietz Nori Gerardo

(Last) (First) (Middle)
C/O VERIS RESIDENTIAL, INC.
HARBORSIDE 3, 210 HUDSON ST., STE. 400

(Street)
JERSEY CITY NJ 07311

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Veris Residential, Inc. [ VRE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units $0(1) 12/31/2025 A 1,841.91(2) (3) (3) Common Stock, $0.01 par value 1,841.91 $14.88 38,111.544 D
Explanation of Responses:
1. The phantom stock units convert to common stock on a one-for-one basis.
2. 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.
3. 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.
/s/ Nori Gerardo Lietz 01/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Veris Residential (VRE) report in this Form 4?

The filing reports that a director of Veris Residential, Inc. received 1,841.91 phantom stock units on 12/31/2025 under the company’s Deferred Compensation Plan for Directors.

What are the terms of the phantom stock units reported for Veris Residential (VRE)?

The phantom stock units convert into Veris Residential common stock on a one-for-one basis and are linked to the company’s common stock at a reference price of $14.88 per share.

How many phantom stock units does the Veris Residential (VRE) director own after this transaction?

After the reported transaction, the director beneficially owns 38,111.544 derivative securities in the form of phantom stock units, all held directly.

How were the new phantom stock units for Veris Residential (VRE) calculated?

The 1,841.91 phantom stock units awarded represent a quarterly director’s fee earned and a quarterly dividend credited on cumulative phantom stock units under the Veris Residential 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 end of the director’s service on the Board of Directors or upon a change in control of the company.

Is the Veris Residential (VRE) director classified as a 10% owner in this filing?

No. The relationship box indicates the reporting person is a Director, and the 10% Owner box is not checked.

Veris Residential Inc

NYSE:VRE

VRE Rankings

VRE Latest News

VRE Latest SEC Filings

VRE Stock Data

1.39B
78.82M
9.63%
101.03%
3.86%
REIT - Residential
Real Estate Investment Trusts
Link
United States
JERSEY CITY