Lombard Amanda 4

What Happened

• Amanda Lombard, Chief Financial Officer of Veris Residential, was granted three types of restricted stock units (RSUs) on Feb 19, 2026: 26,954 time-vesting RSUs (TVRSUs), 26,954 performance-vesting RSUs (PVRSUs), and 26,954 outperformance-vesting RSUs (OPVRSUs). Each unit is a contingent right to one share of common stock and was granted at $0.00 (standard for RSU awards). Total target units granted = 80,862.

Key Details

• Transaction date: February 19, 2026. Grant type/code: A (award/grant). Grant price recorded as $0.00 per unit.
• Vesting/time terms:
  • TVRSUs: vest in three equal annual installments beginning Feb 19, 2027.
  • PVRSUs: 50% may vest based on absolute total stockholder return (TSR) over a three-year performance period; the other 50% vests based on Veris’ TSR relative to 11 peer REITs over the same period. PVRSUs can vest from 0% up to 160% of target.
  • OPVRSUs: may vest (0%–100%) on Feb 18, 2029 based on adjusted FFO per share for fiscal 2028.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 filed Feb 23, 2026 for a Feb 19, 2026 grant — within the typical two-business-day SEC filing window (not late).
• Notes: PVRSUs and OPVRSUs are performance-contingent — actual shares delivered will depend on future performance and may be higher or lower than the target amounts.

Context

• These grants are compensation awards, not open-market purchases or sales, and are commonly used to retain executives and align pay with company performance. Performance-based RSUs (PVRSUs/OPVRSUs) mean the final number of shares Lombard could receive depends on multi-year results; they do not represent immediate ownership of the shares until (and if) they vest and are settled.