Jones Tammy 4

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.