Lombard Amanda 4

What Happened

• Amanda Lombard, Chief Financial Officer of Veris Residential, vested in performance-based restricted stock units (PVRSUs) that converted into 24,868 shares on March 16, 2026. She also had shares forfeited/withheld to cover tax obligations: 11,475 shares on Mar 16 at $18.89 per share ($216,751) and 3,859 shares on Mar 17 at $18.88 per share ($72,839). The filing also records a conversion/derivative entry for 29,556 shares related to restricted stock unit activity.

Key Details

• Transaction dates and prices:
  • Mar 16, 2026: 24,868 PVRSUs converted to shares (code M — exercise/conversion).
  • Mar 16, 2026: 11,475 shares forfeited/withheld for taxes at $18.89 (code F) — ~$216,751.
  • Mar 17, 2026: 3,859 shares forfeited/withheld for taxes at $18.88 (code F) — ~$72,839.
  • Mar 16, 2026: 29,556-share conversion/derivative entry also reported (code M).
• Total shares withheld for taxes: 15,334 shares (total value shown ~$289,590).
• Footnotes of note:
  • F1: 24,868 PVRSUs vested; 4,688 PVRSUs did not vest and were forfeited.
  • F2/F3: Forfeitures reflect net share settlement (company withheld shares to cover tax withholding) for PVRSUs and time-vesting RSUs.
  • F4: PVRSUs were performance-based (50% absolute TSR metrics; 50% relative TSR vs. 23 peer REITs) over the three‑year performance period ending Mar 16, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: no late-filing flag noted in the provided information.

Context

• These transactions reflect vesting and net share settlement (tax withholding) of restricted stock units, not open-market sales. The withheld/forfeited shares were used to satisfy tax liabilities rather than representing a discretionary cash sale by the insider. Performance RSUs (PVRSUs) are tied to total stockholder return (TSR) performance goals over three years.