PAPA CHRISTOPHER J 4

What Happened
Christopher J. Papa, a member of the Board of Directors of Veris Residential, Inc. (VRE), was granted 10.645 phantom stock units on 2026-03-31. The filing values the award at $18.87 per share for a total of approximately $201. This was an award (derivative phantom units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-02 (no indication of a late filing).
• Transaction type/code: A (award/acquisition of derivative phantom stock units).
• Units awarded: 10.645 phantom stock units; per-share value listed at $18.87; total ≈ $201.
• Shares/units owned after the transaction: Not specified in the filing.
• Footnotes of note:
  • The phantom units convert to common stock on a one-for-one basis (F1).
  • The units were credited as a quarterly dividend on cumulative phantom stock units under the Veris Deferred Compensation Plan for Directors (F2).
  • Accrued phantom units are to be settled 100% in Veris common stock upon the director’s termination of service or upon a change in control (F3).

Context
This was a routine director compensation credit (phantom stock units) rather than a market purchase or sale, so it’s primarily an administrative/compensation event. Phantom units are derivatives that convert to actual shares under the plan’s terms and will be settled in stock upon the triggering events noted in the filing.