Veris Residential (VRE) CFO reports tax-related forfeiture of 2,907 shares
Rhea-AI Filing Summary
Veris Residential, Inc. Chief Financial Officer Amanda Lombard reported a routine tax-related share withholding. On the transaction date, 2,907 shares of common stock were forfeited at a value of $18.853 per share to cover taxes on shares issued upon vesting of time-based restricted stock units. This was a tax-withholding disposition rather than an open-market sale. After this transaction, Lombard directly holds 106,473 shares of Veris Residential common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,907 shares
Net Sell
1 txn
Insider
Lombard Amanda
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 2,907 | $18.853 | $55K |
Holdings After Transaction:
Common Stock, $0.01 par value — 106,473 shares (Direct)
Footnotes (1)
- F1. Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units.
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FAQ
What did Veris Residential (VRE) CFO Amanda Lombard report in this Form 4?
CFO Amanda Lombard reported a tax-related forfeiture of 2,907 Veris Residential shares. These shares were withheld to settle taxes on vested time-based restricted stock units, rather than being sold on the open market.
Was the Veris Residential (VRE) CFO’s Form 4 transaction a stock sale?
No, the transaction was not an open-market stock sale. It was a tax-withholding disposition, where 2,907 shares were forfeited to cover tax obligations on newly vested restricted stock units.
Does the Veris Residential (VRE) Form 4 indicate any derivative positions for the CFO?
The insider data shows no remaining derivative positions in this filing. The derivative summary is empty, indicating no unexercised options or similar derivative securities reported alongside this tax-withholding event.