Form 4: Veris Residential CFO Amanda Lombard Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Amanda Lombard, CFO of Veris Residential, reports a transaction involving the forfeiture of shares for net share settlement of taxes on vested restricted stock units.
Summary
- On March 11, 2024, Amanda Lombard, the Chief Financial Officer of Veris Residential, Inc. (VRE), reported a transaction.
- The transaction involved the forfeiture of 1,019 shares of common stock at a price of $15.18 per share.
- This forfeiture was for the net share settlement of taxes on shares issued upon the vesting of time-vesting restricted stock units.
- Following the reported transaction, Lombard beneficially owns 39,302 shares of Veris Residential, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares forfeited for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of the transaction involving the forfeiture of shares. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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