Jeffrey Scott Turkanis - 18 Apr 2022 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role: EVP & CHIEF INVESTMENT OFFICER
Signature: /s/ Jeffrey Scott Turkanis
Issuer symbol: VRE
Transactions as of: 18 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 19 Apr 2022, 16:17:55 UTC
Previous filing: 06 Apr 2022
Next filing: 03 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRE	Time Vesting Restricted Stock Units	Award	$0	+26,026		$0.000000	26,026	18 Apr 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VRE	Non-Qualified Stock Options (Right to Buy)	Award	$0	+250,000		$0.000000	250,000	18 Apr 2022	Common Stock, $0.01 par value	250,000	$16.33	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On April 18, 2022, pursuant to a Restricted Stock Unit Agreement, the Issuer granted the Reporting Person time vesting restricted stock units (each, an "RSU"). Each RSU represents a contingent right to receive one share of the Issuer's common stock, $0.01 par value per share (the "Common Stock").
F2	The RSUs generally vest 50% on April 18, 2023, 25% on April 18, 2024, and 25% on April 18, 2025, in each case generally subject to the Reporting Person's continued employment with the Issuer through each such date.
F3	On April 18, 2022, pursuant to a Stock Option Agreement, the Issuer granted the Reporting Person a stock option to purchase up to 250,000 shares (the "Option") of the Common Stock, with an exercise price of $16.33 per share. The Option shall generally vest and become exercisable in three equal installments on each of the first three anniversaries after April 18, 2022, subject to the Reporting Person's continued employment with the Issuer through each such date.