Jones Tammy 4
4 · Veris Residential, Inc. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Veris Residential (VRE) Director Tammy Jones Sells 42,863 Shares
What Happened
- Tammy Jones, a director of Veris Residential, reported a disposition of 42,863 shares on May 27, 2026. The Form 4 shows a "Disposition to the issuer (D)" with price listed as N/A on the form; a filing footnote explains each share was converted into the right to receive $19.00 in cash under the Merger Agreement, for an aggregate cash value of $814,397 before applicable withholding taxes.
Key Details
- Transaction date: 2026-05-27 (same date as the filing).
- Conversion price: $19.00 per share under the Merger Agreement dated Feb 23, 2026.
- Aggregate value: 42,863 × $19.00 = $814,397 (less applicable withholding taxes per footnote).
- Transaction code: D (Disposition to the issuer — shares cancelled/converted in the merger).
- Shares owned after transaction: not reported in the provided excerpt of the filing.
- Filing timeliness: Report covers the same date as the transaction and was filed on 2026-05-27 (no late filing indicated in the provided data).
Context
- This was not an open-market sale or a voluntary divestment but a corporate action: the company merged into a subsidiary and outstanding common shares were cashed out at the agreed merger price. Such dispositions reflect the merger consideration rather than a trade signal by the insider.
Insider Transaction Report
Form 4Exit
Jones Tammy
Director
Transactions
- Disposition to Issuer
Common Stock, $0.01 par value
[F1]2026-05-27−42,863→ 0 total
Footnotes (1)
- [F1]On May 27, 2026, pursuant to the Agreement and Plan of Merger, dated as of February 23, 2026 (the "Merger Agreement"), by and among the Veris Residential, Inc. (the "Issuer"), Veris Residential, L.P., AC Residential Acquisition LP ("Parent"), AC Residential REIT LLC ("Merger Sub I"), and AC Residential OP LP, the Issuer merged with and into Merger Sub I (the "Merger") and each share of the Issuer's common stock, par value $0.01 per share (the "Shares"), held by the reporting person was cancelled and converted into the right to receive an amount in cash equal to $19.00 (the "Merger Consideration"), without interest thereon and less applicable withholding taxes.
Signature
/s/ Tammy Jones|2026-05-27