TURKANIS JEFFREY SCOTT 4

4 · Veris Residential, Inc. · Filed Mar 11, 2025

Form 4

Period: 2025-03-07

EVP & CHIEF INVESTMENT OFFICER

Transactions

Award
Time Vesting Restricted Stock Units
2025-03-07+21,174→ 110,914 total
Award
Outperformance Vesting Restricted Stock Units
2025-03-07+21,174→ 21,174 total
Exercise: $0.00→ Common Stock, $0.01 par value (21,174 underlying)
Award
Performance Vesting Restricted Stock Units
2025-03-07+20,644→ 20,644 total
Exercise: $0.00→ Common Stock, $0.01 par value (20,644 underlying)

Footnotes (6)

[F1]On March 7, 2025, 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 7, 2026.
[F3]On March 7, 2025, the reporting person was granted performance vesting restricted stock units (each, a "PVRSU"). Each PVRSU represents a contingent right to receive one share of Common Stock.
[F4]Fifty percent (50%) 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 fifty percent (50%) 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 twelve (12) 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 7, 2025, the Company granted the reporting person outperformance vesting restricted stock units (each, a "OPVRSU"). Each OPVRSU represents a contingent right to receive one share of Common Stock.
[F6]The OPVRSUs may vest on March 6, 2028 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, 2027.

Documents

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