4//SEC Filing
Nia Mahbod 4
Accession 0001415889-25-007710
CIK 0000924901other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 6:30 PM ET
Size
12.0 KB
Accession
0001415889-25-007710
Insider Transaction Report
Form 4
Nia Mahbod
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Award
Performance Vesting Restricted Stock Units
2025-03-07+129,763→ 129,763 totalExercise: $0.00→ Common Stock, $0.01 par value (129,763 underlying) - Award
Time Vesting Restricted Stock Units
2025-03-07+133,091→ 412,163 total - Award
Outperformance Vesting Restricted Stock Units
2025-03-07+133,091→ 133,091 totalExercise: $0.00→ Common Stock, $0.01 par value (133,091 underlying)
Holdings
- 380,869(indirect: By family limited liability company)
Common Stock, $0.01 par value
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
Issuer
Veris Residential, Inc.
CIK 0000924901
Entity typeother
Related Parties
1- filerCIK 0001655968
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 6:30 PM ET
- Size
- 12.0 KB