KATZ A. AKIVA 4
4 · Veris Residential, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Veris Residential (VRE) Director Katz A. Akiva Receives Award
What Happened Katz A. Akiva, a director of Veris Residential, received an award of 114.015 phantom stock units on 2026-03-31. The filing records a per-unit value of $18.87, for a total notional value of $2,151. This transaction is reported as a derivative acquisition (award) rather than an open-market purchase.
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (filed timely).
- Award: 114.015 phantom stock units at $18.87 per unit; total $2,151 (derivative).
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes of note:
- F1: Phantom stock units convert to common stock on a one-for-one basis.
- F2: Units awarded represent a quarterly dividend credit on cumulative phantom stock units under the Deferred Compensation Plan for Directors.
- F3: Units were accrued under the Deferred Compensation Plan and will be settled 100% in common stock upon the director’s termination of board service or upon a change in control.
- Transaction code: A (award/grant).
Context This was an award of phantom (deferred compensation) stock units, not a cash purchase or sale. Such awards increase potential future equity ownership upon settlement (typically at termination or change in control) and do not necessarily indicate immediate buying or selling intent. For retail investors, grants under director deferred compensation plans are routine compensation events and differ from open-market purchases as signals of insider confidence.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2][F3]2026-03-31$18.87/sh+114.015$2,151→ 27,007.361 totalExercise: $0.00→ Common Stock, $0.01 par value (114.015 underlying)
Footnotes (3)
- [F1]The phantom stock units convert to common stock on a one-for-one basis.
- [F2]The number of phantom stock units awarded is comprised of a quarterly dividend credited on cumulative phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors.
- [F3]The phantom stock units were accrued under the Veris Residential, Inc. Deferred Compensation Plan for Directors and are to be settled 100% in Veris Residential, Inc. common stock upon the termination of the reporting person's service on the Board of Directors of Veris Residential, Inc. or upon a change in control of Veris Residential, Inc.