Veris Residential (VRE) director awarded 1,441.518 phantom stock units in plan
Rhea-AI Filing Summary
Veris Residential, Inc.12/31/2025, the director acquired 1,441.518 phantom stock units of Veris Residential under the company’s Deferred Compensation Plan for Directors. These units represent a quarterly director fee plus a quarterly dividend credited on cumulative phantom units and convert into common stock on a one-for-one basis. After this transaction, the director beneficially owned 2,510.833 phantom stock units, which are scheduled 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?
Veris Residential reported that a director acquired 1,441.518 phantom stock units on 12/31/2025 under the company’s Deferred Compensation Plan for Directors.
How many Veris Residential (VRE) phantom stock units does the director now beneficially own?
Following the reported transaction, the director beneficially owned 2,510.833 phantom stock units tied to Veris Residential common stock.
What are Veris Residential (VRE) phantom stock units and how do they convert?
The filing states that the phantom stock units convert to common stock on a one-for-one basis, meaning each unit becomes one share of Veris Residential common stock.
What generated the 1,441.518 phantom stock units for the Veris Residential (VRE) director?
The number of units awarded reflects a quarterly director's fee earned and a quarterly dividend credited on cumulative phantom units under the Veris Residential Deferred Compensation Plan for Directors.
When will the Veris Residential (VRE) director receive common stock for these phantom units?
The phantom stock units are to be settled 100% in Veris Residential common stock upon the termination of the director’s service on the Board of Directors or upon a change in control of Veris Residential.
Is this Veris Residential (VRE) insider transaction part of a deferred compensation plan?
Yes. The transaction relates to phantom stock units accrued under the Veris Residential, Inc. Deferred Compensation Plan for Directors, which pays director fees and dividends in phantom units.