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