Hugh R. Frater - 03 Jun 2021 Form 4 Insider Report for VEREIT, Inc.

Role
Director, Non-Executive Chairman
Signature
/s/ Bianca A. Martinez, by power of attorney
Issuer symbol
N/A
Transactions as of
03 Jun 2021
Net transactions value
+$124,995
Form type
4
Filing time
07 Jun 2021, 16:51:29 UTC
Next filing
04 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VER Common Stock Award $124,995 +2,564 +23% $48.75 13,916 03 Jun 2021 Direct F1, F2, F3
holding VER Common Stock 21,897 03 Jun 2021 By Irrevocable Trust F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects deferred stock units awarded June 3, 2021 in respect of the annual equity retainer due to the Reporting Person, for the Reporting Person's service as an independent director. Such deferred stock units will be settled in common stock upon the earlier of three years from the date of grant, the Reporting Person's death and the Reporting Person's separation from service from the Issuer.
F2 Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on June 3, 2021.
F3 Shares are reflected on a post-split basis in accordance with the one-for-five reverse stock split of VEREIT, Inc.'s issued and outstanding shares of common stock completed on December 17, 2020.
F4 By the Hugh R. Frater Irrevocable Trust dated December 11, 2012.

Remarks:

Exhibit 24.0 - Power of Attorney