Frederic Cumenal - 04 Jan 2022 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role
Director
Signature
/s/ Frederic Cumenal
Issuer symbol
VRE
Transactions as of
04 Jan 2022
Net transactions value
+$18,250
Form type
4
Filing time
06 Jan 2022, 15:06:34 UTC
Previous filing
06 Oct 2021
Next filing
05 Apr 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VRE Phantom Stock Units Other $3,000 -169 -1.5% $17.70 10,771 04 Jan 2022 Common Stock, $0.01 par value 169 $0.000000 Direct F1, F2, F4
transaction VRE Phantom Stock Units Award $21,250 +1,110 +10% $19.15 11,880 04 Jan 2022 Common Stock, $0.01 par value 1,110 $0.000000 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom stock units convert to common stock on a one-for-one basis.
F2 169.492 phantom stock units previously issued on October 4, 2021 in respect of $3,000 of board committee fees were cancelled as such fees were paid in cash.
F3 The number of phantom stock units awarded is comprised of a quarterly director's fee earned under the Mack-Cali Realty Corporation Deferred Compensation Plan for Directors.
F4 The phantom stock units were accrued under the Mack-Cali Realty Corporation Deferred Compensation Plan for Directors and are to be settled 100% in Mack-Cali Realty Corporation common stock upon the termination of the reporting person's service on the Board of Directors of Mack-Cali Realty Corporation or upon a change in control of Mack-Cali Realty Corporation.