Mahbod Nia - 07 Mar 2025 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Mahbod Nia
Issuer symbol
VRE
Transactions as of
07 Mar 2025
Net transactions value
$0
Form type
4
Filing time
11 Mar 2025, 18:30:17 UTC
Previous filing
03 Jan 2025
Next filing
12 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 +133,091 +48% $0.000000 412,163 07 Mar 2025 Direct F1, F2
holding VRE Common Stock, $0.01 par value 380,869 07 Mar 2025 By family limited liability company

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 +129,763 $0.000000 129,763 07 Mar 2025 Common Stock, $0.01 par value 129,763 $0.000000 Direct F3, F4
transaction VRE Outperformance Vesting Restricted Stock Units Award $0 +133,091 $0.000000 133,091 07 Mar 2025 Common Stock, $0.01 par value 133,091 $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 7, 2025, 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 7, 2026.
F3 On March 7, 2025, the reporting person was granted performance vesting restricted stock units (each, a "PVRSU"). Each PVRSU 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 twelve (12) 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 7, 2025, the Company granted the reporting person outperformance vesting restricted stock units (each, a "OPVRSU"). Each OPVRSU represents a contingent right to receive one share of Common Stock.
F6 The OPVRSUs may vest on March 6, 2028 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, 2027.