Taryn D. Fielder - 12 Mar 2024 Form 4/A - Amendment Insider Report for Veris Residential, Inc. (VRE)

Role
EVP, GENERAL COUNSEL & SEC.
Signature
/s/ Taryn D. Fielder
Issuer symbol
VRE
Transactions as of
12 Mar 2024
Net transactions value
$0
Form type
4/A - Amendment
Filing time
11 Mar 2025, 18:15:04 UTC
Date Of Original Report
14 Mar 2024
Previous filing
12 Jan 2024
Next filing
11 Mar 2025
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 +23,617 +40% $0.000000 83,399 12 Mar 2024 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 Performance Vesting Restricted Stock Units Award $0 +25,524 $0.000000 25,524 12 Mar 2024 Common Stock, $0.01 par value 25,524 $0.000000 Direct F3, F4
transaction VRE Outperformance Vesting Restricted Stock Units Award $0 +23,617 $0.000000 23,617 12 Mar 2024 Common Stock, $0.01 par value 23,617 $0.000000 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 12, 2024, 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").
F2 The TVRSUs vest in three equal annual installments beginning March 12, 2025.
F3 On March 12, 2024, 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.
F4 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 nineteen (19) 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).
F5 On March 12, 2024, 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.
F6 The OPVRSUs may vest on March 12, 2027 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, 2026.

Remarks:

The Form 4 filed by the reporting person on March 14, 2024 incorrectly reported the total amount of securities beneficially owned in column 5 of Table I as 62,919. The Form 4 is being amended to report the correct amount of 83,399 in column 5 of Table I after giving effect to the transaction reported in Table I of that Form 4.