MACFARLANE VICTOR B 4
4 · Veris Residential, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Veris Residential (VRE) Director Victor B. Macfarlane Receives Award
What Happened Victor B. Macfarlane, a director of Veris Residential, received an award of 109.907 phantom stock units on 2026-03-31. The units are valued at $18.87 each, for an aggregate reported value of $2,074. This was an award/credit (not an open-market purchase or sale) and reflects director compensation rather than a trading decision.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02.
- Award: 109.907 phantom stock units at $18.87 per unit; total reported value $2,074.
- Shares owned after transaction: Not reported on the Form 4.
- Footnotes:
- F1: Phantom units convert one-for-one into Veris Residential common stock.
- F2: Award consists of a quarterly dividend credited on cumulative phantom units under the Deferred Compensation Plan for Directors.
- F3: Units accrue under the Deferred Compensation Plan and will be settled 100% in common stock upon the director's board service termination or a change in control.
- Transaction type: Derivative award (code A on Form 4); settlement is in common stock under plan terms.
Context This is routine director compensation paid in phantom stock units that vest/convert into common shares under the deferred compensation plan. Such awards are standard for board members and do not by themselves indicate insider buying or selling intent.
Insider Transaction Report
Form 4
MACFARLANE VICTOR B
Director
Transactions
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-31$18.87/sh+109.907$2,074→ 26,034.142 totalExercise: $0.00→ Common Stock, $0.01 par value (109.907 underlying)
Footnotes (3)
- [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 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.
Signature
/s/ Victor B. MacFarlane|2026-04-02