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

Role
Director
Signature
/s/ Frederic Cumenal
Stock symbol
VRE
Transactions as of
Jan 4, 2022
Transactions value $
$18,250
Form type
4
Date filed
1/6/2022, 03:06 PM
Previous filing
Oct 6, 2021
Next filing
Apr 5, 2022

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 -$3K -169 -1.55% $17.70 10.8K Jan 4, 2022 Common Stock, $0.01 par value 169 $0.00 Direct F1, F2, F4
transaction VRE Phantom Stock Units Award $21.3K +1.11K +10.3% $19.15 11.9K Jan 4, 2022 Common Stock, $0.01 par value 1.11K $0.00 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.