4//SEC Filing
TURKANIS JEFFREY SCOTT 4
Accession 0001415889-22-004526
CIK 0000924901other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 4:00 PM ET
Size
11.2 KB
Accession
0001415889-22-004526
Insider Transaction Report
Form 4
TURKANIS JEFFREY SCOTT
EVP & CHIEF INVESTMENT OFFICER
Transactions
- Award
Performance Vesting Restricted Stock Units
2022-04-29+18,231→ 18,231 totalExercise: $0.00→ Common Stock, $0.01 par value (18,231 underlying) - Award
Time Vesting Restricted Stock Units
2022-04-29+15,615→ 41,641 total - Award
Outperformance Vesting Restricted Stock Unit
2022-04-29+15,615→ 15,615 totalExercise: $0.00→ Common Stock, $0.01 par value (15,615 underlying)
Footnotes (6)
- [F1]On April 29, 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 April 29, 2023.
- [F3]On April 29, 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 April 29, 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 April 29, 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 0001921157
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 4:00 PM ET
- Size
- 11.2 KB