4//SEC Filing
Wagner Gary T 4
Accession 0001179110-22-002201
CIK 0000924901other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 4:46 PM ET
Size
10.9 KB
Accession
0001179110-22-002201
Insider Transaction Report
Form 4
Wagner Gary T
Chief Legal Officer
Transactions
- Award
Performance Vesting Restricted Stock Units
2022-03-10+15,237→ 15,237 totalExercise: $0.00→ Common Stock, $0.01 par value (15,237 underlying) - Award
Outperformance Vesting Restricted Stock Units
2022-03-10+14,092→ 14,092 totalExercise: $0.00→ Common Stock, $0.01 par value (14,092 underlying) - Award
Time Vesting Restricted Stock Units
2022-03-10+14,092→ 42,337 total
Footnotes (6)
- [F1]On March 10, 2022, the reporting person was granted time vesting restricted stock units (each, a "TVRSU"). Each TVRSU represents a contingent right to receive one share of common stock, $0.01 par value (the "Common Stock"), of Veris Residential, Inc. (the "Company").
- [F2]The TVRSUs vest in three equal annual installments beginning March 10, 2023.
- [F3]On March 10, 2022, the reporting person was granted performance vesting restricted stock units (each, a "PVRSU"). Each PVRSU represents represents a contingent right to receive one share of Common Stock.
- [F4]Seventy-five percent (75%) of the PVRSUs may vest over a three year period based on the attainment of absolute total stockholder return ("TSR") metrics by the Company over a three year performance period. The remaining twenty-five percent (25%) of the PVRSUs may vest over a three year period based on the Company's TSR relative to the TSR of a select group of twenty-three (23) peer REITs over the same three year performance period. PVRSUs may vest between 0% and 160% of the "target" performance level (the number of shares listed herein).
- [F5]On March 10, 2022, the Company granted the reporting person outperformance vesting restricted stock units (each, a "OPVRSU"). Each OPVRSU represents represents a contingent right to receive one share of Common Stock.
- [F6]The OPVRSUs may vest on March 9, 2025 from 0% to 100% based on the attainment of certain levels of adjusted funds from operations per share for the Company's fiscal year ending December 31, 2024.
Documents
Issuer
Veris Residential, Inc.
CIK 0000924901
Entity typeother
Related Parties
1- filerCIK 0001609399
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 4:46 PM ET
- Size
- 10.9 KB