Nia Mahbod 4

What Happened
Nia Mahbod, CEO of Veris Residential (VRE), had 24,107 shares withheld to cover tax obligations tied to vested time‑based restricted stock units (RSUs). The shares were valued at $18.87 each, totaling $454,851. This was a net‑share settlement for tax withholding (transaction code F), not an open‑market sale.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-16 (filed within the two-business-day Form 4 window).
• Price per share: $18.87; Total value of withheld shares: $454,851.
• Shares disposed: 24,107 (forfeited/withheld to satisfy taxes).
• Shares owned after transaction: Not specified in the information provided.
• Footnote: F1 — Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time‑vesting RSUs.
• Transaction type: Tax withholding / net share settlement (code F), routine executive tax withholding rather than a discretionary sale or purchase.

Context
Net‑share settlements are a common way companies satisfy tax withholding when equity awards vest. Because these shares are withheld by the company to cover taxes, they generally do not indicate a CEO buying or selling shares for investment reasons.