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

Role
EVP & CHIEF INVESTMENT OFFICER
Signature
/s/ Jeffrey Scott Turkanis
Stock symbol
VRE
Transactions as of
Apr 18, 2022
Transactions value $
$0
Form type
4
Date filed
4/19/2022, 04:17 PM
Previous filing
Apr 6, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRE Time Vesting Restricted Stock Units Award $0 +26K $0.00 26K Apr 18, 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 +250K $0.00 250K Apr 18, 2022 Common Stock, $0.01 par value 250K $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.