MACFARLANE VICTOR B 4

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.