Jeffrey Scott Turkanis - 29 Apr 2025 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Reporting relationship: EVP & CHIEF INVESTMENT OFFICER
Issuer ticker: VRE
Reported as of: 29 Apr 2025
Net transaction value: -$151,372
SEC form: 4
Accepted by SEC: 01 May 2025, 18:00:04 UTC
Prior SEC filing: 21 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Jeffrey Scott Turkanis

Key filing fact

Jeffrey Scott Turkanis filed Form 4 for Veris Residential, Inc. (VRE) on 01 May 2025.

Key facts

This page summarizes Jeffrey Scott Turkanis's Form 4 filing for Veris Residential, Inc. (VRE).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 01 May 2025, 18:00.

Change

Previous filing in this sequence was filed on 21 Apr 2025.
Current net transaction value: -$151,372.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VRE transaction

Common Stock, $0.01 par value

Options Exercise

Transaction value
Shares: +15,615
Change %: +14%
Price
Shares after: 123,919
Date: 29 Apr 2025
Ownership: Direct
Footnotes: F1

VRE transaction

Common Stock, $0.01 par value

Tax liability

Transaction value: $151,372
Shares: -9,853
Change %: -8%
Price: $15.36
Shares after: 114,066
Date: 29 Apr 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VRE transaction Derivative

Outperformance Vesting Restricted Stock Units

Options Exercise

Transaction value
Shares: -15,615
Change %: -100%
Price
Shares after: 0
Date: 29 Apr 2025
Ownership: Direct
Underlying class: Common Stock, $0.01 par value
Underlying amount: 15,615
Exercise price: $0.000000
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On April 29, 2025, the reporting person vested in 15,615 outperformance vesting restricted stock units (each, an "OPVRSU") that vested based upon performance criteria achieved as of December 31, 2024. Each OPVRSU represented a contingent right to receive one share of the Company's Common Stock.

Footnote F2

Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units and OPVRSUs.

Footnote F3

Each OPVRSU was eligible to vest on April 29, 2025 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, 2024.