Form 4: Veris Residential Director Acquires Phantom Stock Units

Nori Gerardo Lietz, a Director at Veris Residential, Inc., acquired 161.575 phantom stock units, which convert to common stock, on March 31, 2026.

Summary

• Nori Gerardo Lietz, a Director of Veris Residential, Inc., acquired 161.575 phantom stock units on March 31, 2026.
• These phantom stock units are part of the Veris Residential, Inc. Deferred Compensation Plan for Directors.
• The units convert to common stock on a one-for-one basis.
• The acquisition includes a quarterly dividend credited to cumulative phantom stock units.
• Settlement of these units in common stock will occur upon the termination of Mr. Lietz's service on the Board or a change in control of the company.
• Following this transaction, Mr. Lietz beneficially owns 38,273.119 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine acquisition of phantom stock units by a director as part of an existing compensation plan, rather than a significant new investment or divestment.

Positives

• Director Nori Gerardo Lietz has increased his beneficial ownership of Veris Residential, Inc. common stock through the acquisition of phantom stock units.
• The acquisition reflects continued investment and commitment from a key member of the board.

Risks

• The value of the phantom stock units is tied to the performance of Veris Residential, Inc. common stock, meaning a decline in stock price would reduce the value of these units.
• The settlement of these units is contingent upon the termination of the reporting person's service or a change in control, introducing timing uncertainty.

Future Outlook

The phantom stock units are to be settled in Veris Residential, Inc. common stock upon the termination of the reporting person's service on the Board of Directors or upon a change in control of Veris Residential, Inc.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This specific filing indicates a director's continued participation in equity-based compensation plans.

Related Party Transactions

• Acquisition of phantom stock units under the Veris Residential, Inc. Deferred Compensation Plan for Directors.

Stakeholder Impact

• Shareholders: Increased transparency into director compensation and potential future dilution if units are settled in stock.
• Employees: No direct impact, but reflects the company's compensation strategy for its board.
• Management: No direct impact, but aligns with the company's governance practices.

Next Steps

• Settlement of phantom stock units in common stock upon termination of service or change in control.

Key Dates

Keywords

Veris Residential, Nori Gerardo Lietz, Form 4, Insider Trading, Phantom Stock Units, Deferred Compensation Plan, Director, Common Stock, SEC Filing