Veris Residential (VRE) CEO Nia Mahbod Forfeits 21,614 Shares for Taxes

What Happened

Nia Mahbod, CEO of Veris Residential (VRE), had 21,614 shares forfeited as a net share settlement to cover tax withholding on vested time-based restricted stock units. The shares were recorded at $18.85 per share for a total value of approximately $407,489; the transaction is reported as a tax-withholding disposal (code F).

Key Details

• Transaction date: 2026-03-09; Filing date (Form 4): 2026-03-11 (two days after the transaction).
• Price: $18.85 per share; Shares forfeited/disposed: 21,614; Total value: $407,489 (reported).
• Shares owned after the transaction: not specified in the filing.
• Footnote: F1 — Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time-vesting restricted stock units.
• Nature of transaction: tax withholding / net share settlement, not an open-market sale.

Context

This was a routine net share settlement to satisfy tax obligations related to vested RSUs, a common administrative transaction that does not necessarily signal buying or selling intent. For retail investors, purchases or open-market sales by insiders tend to carry more direct interpretive weight than tax-withholding forfeitures.