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4//SEC Filing

Malhari Anna 4

Accession 0001415889-25-007711

CIK 0000924901other
View on SEC.govCompany Profile

Filed

Mar 10, 8:00 PM ET

Accepted

Mar 11, 6:30 PM ET

Size

11.3 KB

Accession

0001415889-25-007711

Insider Transaction Report

Form 4
Period: 2025-03-07
Veris Residential, Inc.VRE
Malhari Anna
EVP & CHIEF OPERATING OFFICER
Transactions
  • Award

    Performance Vesting Restricted Stock Units

    2025-03-07+29,492→ 29,492 total
    Exercise: $0.00→ Common Stock, $0.01 par value (29,492 underlying)
  • Award

    Time Vesting Restricted Stock Units

    2025-03-07+30,248→ 100,727 total
  • Award

    Outperformance Vesting Restricted Stock Units

    2025-03-07+30,248→ 30,248 total
    Exercise: $0.00→ Common Stock, $0.01 par value (30,248 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

1 file

Issuer

Veris Residential, Inc.

CIK 0000924901

→
Entity typeother

Related Parties

1
  • filerCIK 0001867946

Filing Metadata

Form type
4
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 6:30 PM ET
Size
11.3 KB
View on SEC.gov