Victor B. MacFarlane - 03 Jul 2023 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Reporting relationship: Director
Issuer ticker: VRE
Reported as of: 03 Jul 2023
Net transaction value: +$20,076
SEC form: 4
Accepted by SEC: 06 Jul 2023, 17:05:31 UTC
Prior SEC filing: 16 Jun 2023
Next SEC filing: 03 Oct 2023
Source filing: View source filing
Reporting owner signature: /s/ Victor B. MacFarlane

Key filing fact

Victor B. MacFarlane filed Form 4 for Veris Residential, Inc. (VRE) on 06 Jul 2023.

Key facts

This page summarizes Victor B. MacFarlane's Form 4 filing for Veris Residential, Inc. (VRE).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 06 Jul 2023, 17:05.

Change

Previous filing in this sequence was filed on 16 Jun 2023.
Current net transaction value: +$20,076.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VRE transaction Derivative

Phantom Stock Units

Award

Transaction value: $20,076
Shares: +1,235
Change %: +14%
Price: $16.25
Shares after: 10,384
Date: 03 Jul 2023
Ownership: Direct
Underlying class: Common Stock, $0.01 par value
Underlying amount: 1,235
Exercise price: $0.000000
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The phantom stock units convert to common stock on a one-for-one basis.

Footnote 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.

Footnote 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.