Mahbod Nia - 03 Jul 2024 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Mahbod Nia
Issuer symbol
VRE
Transactions as of
03 Jul 2024
Net transactions value
+$221
Form type
4
Filing time
08 Jul 2024, 18:00:05 UTC
Previous filing
21 Jun 2024
Next filing
02 Oct 2024
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 Award $221 +15 +0.4% $14.98 3,694 03 Jul 2024 Common Stock, $0.01 par value 15 $0.000000 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 dividend credited on cumulative phantom stock units previously granted to the reporting person in respect of fees for service as a director under the Veris Residential, Inc. Deferred Compensation Plan for Directors prior to his being appointed an executive officer of Veris Residential, Inc.
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.