Veris Residential (VRE) director’s 42,863 shares cashed out at $19 in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veris Residential, Inc. director Tammy Jones reported a disposition of 42,863 shares of common stock in connection with the company’s merger. Each share was cancelled in the merger and converted into the right to receive cash of $19.00 per share, before any applicable withholding taxes. Following this transaction, Jones no longer holds Veris Residential common shares according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Tammy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock, $0.01 par value | 42,863 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares disposed: 42,863 shares
Merger consideration: $19.00 per share
Post-transaction holdings: 0 shares
3 metrics
Shares disposed
42,863 shares
Common stock cancelled in merger
Merger consideration
$19.00 per share
Cash received for each cancelled share
Post-transaction holdings
0 shares
Common stock held after disposition
Key Terms
Agreement and Plan of Merger, Merger Consideration, par value
3 terms
Agreement and Plan of Merger regulatory
"pursuant to the Agreement and Plan of Merger, dated as of February 23, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"converted into the right to receive an amount in cash equal to $19.00 (the "Merger Consideration")"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
par value financial
"Common Stock, $0.01 par value"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What did Tammy Jones report in this Veris Residential (VRE) Form 4?
Tammy Jones reported a disposition of 42,863 Veris Residential common shares. The shares were cancelled in connection with a merger and converted into the right to receive cash consideration, as described in the merger agreement.
Was Tammy Jones’s Veris Residential (VRE) Form 4 transaction an open-market sale?
No, the Form 4 describes a disposition to the issuer related to a merger. Shares were cancelled and converted into cash consideration under the merger agreement, rather than being sold in open-market trading on an exchange.