Taryn D. Fielder - 24 Jan 2023 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role: EVP, GENERAL COUNSEL & SEC.
Signature: /s/ Taryn D. Fielder
Issuer symbol: VRE
Transactions as of: 24 Jan 2023
Net transactions value: -$77,870
Form type: 4
Filing time: 20 Mar 2023, 20:47:30 UTC
Previous filing: 03 May 2022
Next filing: 09 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRE	Common Stock, $0.01 par value	Tax liability	$77,870	-4,884	-12%	$15.94	37,100	24 Jan 2023	Direct	F1
transaction	VRE	Time Vesting Restricted Stock Units	Award	$0	+26,169	+71%	$0.000000	63,269	17 Mar 2023	Direct	F2, F3

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	Performance Vesting Restricted Stock Units	Award	$0	+26,766		$0.000000	26,766	17 Mar 2023	Common Stock, $0.01 par value	26,766	$0.000000	Direct	F4, F5
transaction	VRE	Outperformance Vesting Restricted Stock Units	Award	$0	+26,169		$0.000000	26,169	17 Mar 2023	Common Stock, $0.01 par value	26,169	$0.000000	Direct	F6, F7

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

Explanation of Responses:

Id	Content
F1	Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units.
F2	On March 17, 2023, the reporting person was granted time vesting restricted stock units (each, a "TVRSU"). Each TVRSU represents a contingent right to receive one share of common stock, $0.01 par value (the "Common Stock"), of Veris Residential, Inc. (the "Company").
F3	The TVRSUs vest in three equal annual installments beginning March 17, 2024.
F4	On March 17, 2023, the reporting person was granted performance vesting restricted stock units (each, a "PVRSU"). Each PVRSU represents represents a contingent right to receive one share of Common Stock.
F5	Fifty percent (50%) of the PVRSUs may vest over a three year period based on the attainment of absolute total stockholder return ("TSR") metrics by the Company over a three year performance period. The remaining fifty percent (50%) of the PVRSUs may vest over a three year period 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. PVRSUs may vest between 0% and 160% of the "target" performance level (the number of shares listed herein).
F6	On March 17, 2023, the Company granted the reporting person outperformance vesting restricted stock units (each, a "OPVRSU"). Each OPVRSU represents represents a contingent right to receive one share of Common Stock.
F7	The OPVRSUs may vest on March 16, 2026 from 0% to 100% based on the attainment of certain levels of adjusted funds from operations per share for the Company's fiscal year ending December 31, 2025.