December 29, 2023 · Form 4 insider transaction
MACFARLANE VICTOR B bought 1,514.483 shares of Veris Residential, Inc. at $15.73 per share, a transaction worth $23.8K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.
The phantom stock units convert to common stock on a one-for-one basis.; The number of phantom stock units awarded is comprised of a quarterly director's fee earned and a quarterly dividend credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors.; 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.