Fielder Taryn D. 4
4 · Veris Residential, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Veris Residential (VRE) EVP Taryn Fielder Vests RSUs; Shares For Taxes
What Happened
Taryn D. Fielder, EVP, General Counsel & Secretary of Veris Residential, vested 28,693 performance-based restricted stock units (PVRSUs) on March 16, 2026. To satisfy tax withholding, 11,570 shares were forfeited/withheld at $18.89 (proceeds $218,546) and 3,934 shares were forfeited/withheld at $18.88 (proceeds $74,254), totaling 15,504 shares and approximately $292,800. The Form 4 also records conversion/exercise-type derivative entries (code M) related to equity awards (totaling 34,102 shares in one entry) associated with the vesting/settlement.
Key Details
- Transaction dates: primary activity on March 16, 2026; Form 4 filed March 18, 2026 (filed two business days after the transactions).
- Tax-withholding (code F): 11,570 shares @ $18.89 (disposed) = $218,546; 3,934 shares @ $18.88 (disposed) = $74,254.
- Vested PVRSUs: 28,693 vested; 5,409 PVRSUs forfeited for not meeting vesting (per footnote).
- Shares owned after the transaction: not disclosed in the provided filing information.
- Footnotes of note:
- F1: 28,693 PVRSUs vested; 5,409 PVRSUs did not vest at the end of the three‑year performance period.
- F2/F3: Forfeitures represent net share settlement to cover taxes on shares issued upon vesting.
- F4: PVRSU vesting depended on three‑year total stockholder return (50% absolute TSR goals; 50% TSR relative to 23 peer REITs).
- No 10b5-1 plan or late-filing indication shown in the supplied data.
Context
This was primarily a vesting and net-share‑settlement-for‑taxes event, not an open‑market buy or discretionary sale. Net share withholding to cover taxes is a routine administrative step and does not necessarily signal a buy or sell decision by the insider. The PVRSUs were performance-contingent (TSR-based), so vesting reflects meeting (in whole or part) the stated performance conditions over the three‑year period.
Insider Transaction Report
- Exercise/Conversion
Common Stock, $0.01 par value
[F1]2026-03-16+28,693→ 153,834 total - Tax Payment
Common Stock, $0.01 par value
[F2]2026-03-16$18.89/sh−11,570$218,546→ 142,264 total - Tax Payment
Common Stock, $0.01 par value
[F3]2026-03-17$18.88/sh−3,934$74,254→ 138,330 total - Exercise/Conversion
Performance Vesting Restricted Stock Units
[F1][F4]2026-03-16−34,102→ 0 totalExercise: $0.00→ Common Stock, $0.01 par value (34,102 underlying)
Footnotes (4)
- [F1]On March 16, 2026, the reporting person vested in 28,693 performance vesting restricted stock units (each, a "PVRSU") and forfeited 5,409 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]Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units.
- [F4]Fifty percent (50%) of the PVRSUs were eligible to vest over a three year period ended March 16, 2026 based on the attainment of absolute total stockholder return ("TSR") metrics by the Company. The remaining fifty percent (50%) of the PVRSUs were eligible to vest over a three year period ended March 16, 2026 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.