Malhari Anna 4

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.