Form 4: Veris Residential CFO Amanda Lombard Reports Share Forfeiture for Tax Settlement
SEC Form 4 Filing
Amanda Lombard, CFO of Veris Residential, reported the forfeiture of 1,107 shares of common stock to cover taxes on vested restricted stock units on April 18, 2024.
Summary
- On April 18, 2024, Amanda Lombard, the Chief Financial Officer of Veris Residential, Inc., forfeited 1,107 shares of the company's common stock.
- The forfeiture was executed to cover taxes due on shares issued upon the vesting of time-vesting restricted stock units.
- The price per share was $14.1.
- Following the transaction, Lombard directly owns 59,079 shares of Veris Residential, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, make transactions in their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related share forfeiture.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of share forfeiture transaction. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
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