Nia Mahbod 4

4 · Veris Residential, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Veris Residential (VRE) CEO Nia Mahbod Receives Phantom Stock Award

What Happened

Nia Mahbod, CEO of Veris Residential, received an award of 16.129 phantom stock units on 2026-03-31 valued at $18.87 each (total ~$304). The filing classifies this as an award/acquisition (derivative instrument), not an open-market purchase or sale.

Key Details

Transaction date: 2026-03-31; Filing date (Form 4): 2026-04-02 (appears timely).
Price/value: $18.87 per unit; total reported value ~$304.
Instrument: Phantom stock units (derivative). These convert to common stock on a one-for-one basis (Footnote F1).
Origin: The units were a quarterly dividend credited on cumulative phantom units previously granted for director fees before Ms. Mahbod became an executive (Footnote F2).
Settlement: Units were accrued under the Deferred Compensation Plan for Directors and are to be settled 100% in Veris common stock upon termination of board service or a change in control (Footnote F3).
Shares owned after transaction: Not specified in the provided details.
Transaction code: A = Award/Grant.

Context

This is a derivative award (phantom units) tied to deferred compensation rather than a market buy or sale. The reported dollar value is small (~$304) and reflects dividend-crediting/accrual under the company’s director deferred compensation plan; such awards typically reflect compensation mechanics rather than a direct insider bet on the stock.

Form 4

Period: 2026-03-31

DirectorCHIEF EXECUTIVE OFFICER

Transactions

Award
Phantom Stock Units
[F1][F2][F3]
2026-03-31$18.87/sh+16.129$304→ 3,820.554 total
Exercise: $0.00→ Common Stock, $0.01 par value (16.129 underlying)

Footnotes (3)

[F1]The phantom stock units convert to common stock on a one-for-one basis.
[F2]The number of phantom stock units awarded is comprised of a quarterly dividend credited on cumulative phantom stock units previously granted to the reporting person in respect of fees for service as a director under the Veris Residential, Inc. Deferred Compensation Plan for Directors prior to his being appointed an executive officer of Veris Residential, Inc.
[F3]The phantom stock units were accrued under the Veris Residential, Inc. Deferred Compensation Plan for Directors and are to be settled 100% in Veris Residential, Inc. common stock upon the termination of the reporting person's service on the Board of Directors of Veris Residential, Inc. or upon a change in control of Veris Residential, Inc.

Signature

/s/ Mahbod Nia|2026-04-02

1 file