Victor B. Macfarlane - Jul 5, 2022 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role
Director
Signature
/s/ Victor B. MacFarlane
Stock symbol
VRE
Transactions as of
Jul 5, 2022
Transactions value $
$19,375
Form type
4
Date filed
7/7/2022, 04:58 PM
Previous filing
Jun 17, 2022
Next filing
Oct 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 Award $19.4K +1.45K +41.89% $13.36 4.91K Jul 5, 2022 Common Stock, $0.01 par value 1.45K $0.00 Direct F1, F2, F3
* 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 The number of phantom stock units awarded is comprised of a quarterly director's fee earned under the Veris Residential, Inc. Deferred Compensation Plan for Directors.
F3 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.