Malhari Anna 4

4 · Veris Residential, Inc. · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Veris Residential (VRE) COO Malhari Anna Receives Award, Withholds Shares

What Happened

Malhari Anna, Chief Operating Officer of Veris Residential (VRE), had 22,956 performance-vesting restricted stock units (PVRSUs vest) convert to common shares on March 16, 2026. Per the filing, 4,327 PVRSUs did not vest and were forfeited.
To cover withholding taxes, 11,502 shares were surrendered on March 16 at $18.89 for $217,261, and 3,569 shares were surrendered on March 17 at $18.88 for $67,365 — total proceeds of $284,626. Net shares retained from the vesting event = 22,956 − 15,071 = 7,885 shares.

Key Details

Transaction dates: March 16, 2026 (vesting and first withholding); March 17, 2026 (additional withholding). Form 4 filed March 18, 2026 (timely).
Prices and amounts withheld: 11,502 shares at $18.89 = $217,261; 3,569 shares at $18.88 = $67,365; combined = $284,626.
Reported derivative entries total 27,283 PVRSUs (22,956 vested, 4,327 forfeited) per footnote.
Disposition codes: M = conversion/exercise of derivative (PVRSU vesting); F = shares forfeited/withheld to satisfy tax obligations (net share settlement).
Shares owned after the transaction are not specified in the information provided; net new shares retained from this vesting = 7,885.

Context

This was an award vesting and routine net-share settlement for taxes (not an open-market sale or purchase). Net share settlement (forfeiture of shares to pay taxes) is common when restricted stock units vest and does not by itself indicate a bullish or bearish signal.
Footnotes clarify PVRSU vesting was performance based: half subject to absolute total stockholder return metrics and half relative TSR vs. 23 peer REITs over the three-year performance period.

Form 4

Period: 2026-03-16

EVP & CHIEF OPERATING OFFICER

Transactions

Exercise/Conversion
Common Stock, $0.01 par value
[F1]
2026-03-16+22,956→ 151,311 total
Tax Payment
Common Stock, $0.01 par value
[F2]
2026-03-16$18.89/sh−11,502$217,261→ 139,809 total
Tax Payment
Common Stock, $0.01 par value
[F3]
2026-03-17$18.88/sh−3,569$67,365→ 136,240 total
Exercise/Conversion
Performance Vesting Restricted Stock Units
[F1][F4]
2026-03-16−27,283→ 0 total
Exercise: $0.00→ Common Stock, $0.01 par value (27,283 underlying)

Footnotes (4)

[F1]On March 16, 2026, the reporting person vested in 22,956 performance vesting restricted stock units (each, a "PVRSU") and forfeited 4,327 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.

Signature

/s/ Anna Malhari|2026-03-18

1 file