Lietz Nori Gerardo 4

What Happened Nori Gerardo, a director of Veris Residential, Inc. (VRE), received an award of 161.575 phantom stock units on 2026-03-31. The units are reported at a per-unit value of $18.87, for a total reported value of approximately $3,049. This is an award (transaction code A) under the company’s director deferred compensation plan, not an open-market purchase.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-02 (no late filing indicated).
• Award: 161.575 phantom stock units at $18.87/unit; total reported value ~$3,049.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnotes of note:
  • F1: Phantom units convert to common stock on a one-for-one basis.
  • F2: These units reflect a quarterly dividend credited on cumulative phantom units under the Veris Deferred Compensation Plan for Directors.
  • F3: Units are to be settled 100% in Veris common stock upon the director’s board service termination or a change in control.
• Transaction type: Derivative award under deferred compensation plan (A = Award/Grant).

Context Phantom stock units are a deferred-compensation mechanism that track the company’s share value and convert to actual shares (here, 1:1) upon specified events; they are routine for non-employee directors and do not represent an immediate cash purchase or sale in the market. Such awards are part of director compensation and should be viewed differently than open-market insider buying or selling.