4//SEC Filing
Malhari Anna 4
Accession 0001415889-24-016562
CIK 0000924901other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 7:00 PM ET
Size
14.2 KB
Accession
0001415889-24-016562
Insider Transaction Report
Form 4
Malhari Anna
EVP & CHIEF OPERATING OFFICER
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value
2024-06-10+2,823→ 72,189 total - Exercise/Conversion
Common Stock, $0.01 par value
2024-06-10+962→ 69,366 total - Tax Payment
Common Stock, $0.01 par value
2024-06-10$15.07/sh−1,710$25,770→ 70,479 total - Exercise/Conversion
Performance Vesting Restricted Stock Units
2024-06-10−5,583→ 0 totalExercise: $0.00→ Common Stock, $0.01 par value (5,583 underlying) - Exercise/Conversion
Outperformance Vesting Restricted Stock Units
2024-06-10−2,823→ 0 totalExercise: $0.00→ Common Stock, $0.01 par value (2,823 underlying)
Footnotes (5)
- [F1]On June 10, 2024, the reporting person vested in 962 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 4,274 PVRSUs that did not vest at the end of the applicable three year performance period. Each PVRSU represented a contingent right to receive one share of common stock, $0.01 par value (the "Common Stock") of Veris Residential, Inc. (the "Company').
- [F2]On June 10, 2024, the reporting person vested in 2,823 outperformance vesting restricted stock units and (each, an "OPVRSU") that vested based upon performance criteria achieved as of December 31, 2023. Each OPVRSU represented a contingent right to receive one share of the Company's Common Stock.
- [F3]Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units, PVRSUs and OPVRSUs.
- [F4]Seventy-five percent (75%) of the PVRSUs were eligible to vest over a three year period ended June 10, 2024 based on the attainment of absolute total stockholder return ("TSR") metrics by the Company. The remaining twenty-five percent (25%) of the PVRSUs were eligible to vest over a three year period ended June 10, 2024 based on the Company's TSR relative to the TSR of a select group of twenty-four (24) peer REITs over the same three year performance period.
- [F5]Each OPVRSU was eligible to vest on June 10, 2024 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, 2023.
Documents
Issuer
Veris Residential, Inc.
CIK 0000924901
Entity typeother
Related Parties
1- filerCIK 0001867946
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 7:00 PM ET
- Size
- 14.2 KB