Nia Mahbod 4
4 · Veris Residential, Inc. · Filed Mar 12, 2025
Insider Transaction Report
Form 4
Nia Mahbod
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value
2025-03-10+44,944→ 457,107 total - Exercise/Conversion
Common Stock, $0.01 par value
2025-03-10+112,740→ 569,847 total - Tax Payment
Common Stock, $0.01 par value
2025-03-10$16.57/sh−95,058$1,575,586→ 474,789 total - Exercise/Conversion
Performance Vesting Restricted Stock Units
2025-03-10−138,753→ 0 totalExercise: $0.00→ Common Stock, $0.01 par value (138,753 underlying) - Exercise/Conversion
Outperformance Vesting Restricted Stock Units
2025-03-10−112,740→ 0 totalExercise: $0.00→ Common Stock, $0.01 par value (112,740 underlying)
Holdings
- 380,869(indirect: By family limited liability company)
Common Stock, $0.01 par value
Footnotes (5)
- [F1]On March 10, 2025, the reporting person vested in 44,944 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 93,809 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 March 10, 2025, the reporting person vested in 112,740 outperformance vesting restricted stock units and (each, an "OPVRSU") that vested based upon performance criteria achieved as of December 31, 2024. 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 March 9, 2025 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 March 9, 2025 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.
- [F5]Each OPVRSU was eligible to vest on March 10, 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.