Jeffrey Scott Turkanis - 10 Mar 2025 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
10 Mar 2025
Net transactions value
-$31,741
Form type
4
Filing time
12 Mar 2025, 18:45:18 UTC
Previous filing
11 Mar 2025
Next filing
14 Mar 2025
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 Options Exercise +6,528 +5.9% 117,442 10 Mar 2025 Direct F1
transaction VRE Common Stock, $0.01 par value Tax liability $31,741 -1,915 -1.6% $16.58 115,527 10 Mar 2025 Direct 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 Options Exercise -20,679 -100% 0 10 Mar 2025 Common Stock, $0.01 par value 20,679 $0.000000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 10, 2025, the reporting person vested in 6,528 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 14,151 PVRSUs that did not vest at the end of the applicable three year performance period. Each PVRSU represented a contingent right to receive one share of common stock, $0.01 par value (the "Common Stock") of Veris Residential, Inc. (the "Company').
F2 Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of PVRSUs.
F3 Seventy-five percent (75%) of the PVRSUs were eligible to vest over a three year period ended March 9, 2025 based on the attainment of absolute total stockholder return ("TSR") metrics by the Company. The remaining twenty-five percent (25%) of the PVRSUs were eligible to vest over a three year period ended March 9, 2025 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.