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Veris Residential (VRE) director adds phantom stock via dividend

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

Rhea-AI Filing Summary

Veris Residential, Inc. director Akiva A. Katz received a grant of 114.015 phantom stock units on the company’s deferred compensation plan for directors. The units were credited as a quarterly dividend on his cumulative phantom stock balance and are valued at $18.87 per unit for this award.

The phantom stock units convert into Veris Residential common stock on a one-for-one basis and will be settled entirely in shares when his board service ends or upon a change in control. Following this award, he holds a total of 27,007.361 phantom stock units.

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Negative

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Insider KATZ A. AKIVA
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 114.015 $18.87 $2K
Holdings After Transaction: Phantom Stock Units — 27,007.361 shares (Direct)
Footnotes (1)
  1. The phantom stock units convert to common stock on a one-for-one basis. The number of phantom stock units awarded is comprised of a quarterly dividend credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors. 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.
Phantom stock units granted 114.015 units Grant on 2026-03-31 under Deferred Compensation Plan for Directors
Reference value per unit $18.87 per unit Value for reported phantom stock unit award
Total phantom units after grant 27,007.361 units Director’s phantom stock balance following the transaction
Conversion ratio 1:1 into common stock Phantom stock units convert into Veris Residential common shares
Phantom Stock Units financial
"The phantom stock units convert to common stock on a one-for-one basis."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Directors financial
"credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors."
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
change in control financial
"settled 100% in common stock upon termination of service or upon a change in control of Veris Residential, Inc."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
KATZ A. AKIVA
(Last)(First)(Middle)
C/O BOW STREET LLC
595 MADISON AVENUE, 29TH FLOOR
(Street)
NEW YORK NEW YORK 10022
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Veris Residential, Inc. [ VRE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units$0(1)03/31/2026A114.015(2) (3) (3)Common Stock, $0.01 par value114.015$18.8727,007.361D
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 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/ A. Akiva Katz04/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Veris Residential (VRE) director Akiva Katz report on this Form 4?

He reported receiving 114.015 phantom stock units as a grant under Veris Residential’s Deferred Compensation Plan for Directors. The award reflects a quarterly dividend credit on his existing phantom stock balance and increases his total phantom units to 27,007.361.

How do the Veris Residential (VRE) phantom stock units convert into common stock?

The phantom stock units convert into Veris Residential common stock on a one-for-one basis. They are to be settled entirely in common shares when the director’s board service ends or if a change in control of Veris Residential occurs, according to the plan terms.

What is the value used for the new Veris Residential (VRE) phantom stock unit award?

The 114.015 phantom stock units were granted at a reference value of $18.87 per unit. This value applies only to the reported award and reflects how the quarterly dividend credit was translated into additional phantom stock units for the director.

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

After this transaction, director Akiva A. Katz holds 27,007.361 phantom stock units. These units are accrued under the Deferred Compensation Plan for Directors and will be settled entirely in Veris Residential common stock at the specified future settlement events.

Why did Veris Residential (VRE) credit additional phantom stock units to the director?

The additional phantom stock units represent a quarterly dividend credited on the director’s cumulative phantom stock under the Deferred Compensation Plan for Directors. Instead of paying cash, the plan credits equivalent value as new phantom stock units tied to Veris Residential common shares.