4//SEC Filing
TURKANIS JEFFREY SCOTT 4
Accession 0001415889-25-007908
CIK 0000924901other
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 6:45 PM ET
Size
9.7 KB
Accession
0001415889-25-007908
Insider Transaction Report
Form 4
TURKANIS JEFFREY SCOTT
EVP & CHIEF INVESTMENT OFFICER
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value
2025-03-10+6,528→ 117,442 total - Exercise/Conversion
Performance Vesting Restricted Stock Units
2025-03-10−20,679→ 0 totalExercise: $0.00→ Common Stock, $0.01 par value (20,679 underlying) - Tax Payment
Common Stock, $0.01 par value
2025-03-10$16.57/sh−1,915$31,741→ 115,527 total
Footnotes (3)
- [F1]On March 10, 2025, the reporting person vested in 6,528 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 14,151 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]Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of PVRSUs.
- [F3]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.
Documents
Issuer
Veris Residential, Inc.
CIK 0000924901
Entity typeother
Related Parties
1- filerCIK 0001921157
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 6:45 PM ET
- Size
- 9.7 KB