Nia Mahbod 4

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.