0001415889-23-005247.txt : 20230320
0001415889-23-005247.hdr.sgml : 20230320
20230320204821
ACCESSION NUMBER: 0001415889-23-005247
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230317
FILED AS OF DATE: 20230320
DATE AS OF CHANGE: 20230320
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Malhari Anna
CENTRAL INDEX KEY: 0001867946
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13274
FILM NUMBER: 23747671
MAIL ADDRESS:
STREET 1: HARBORSIDE 3, 210 HUDSON ST.
STREET 2: SUITE 400
CITY: JERSEY CITY
STATE: NJ
ZIP: 07311
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Veris Residential, Inc.
CENTRAL INDEX KEY: 0000924901
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 223305147
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: HARBORSIDE 3
STREET 2: 210 HUDSON ST., STE. 400
CITY: JERSEY CITY
STATE: NJ
ZIP: 07311
BUSINESS PHONE: 7325901000
MAIL ADDRESS:
STREET 1: HARBORSIDE 3
STREET 2: 210 HUDSON ST., STE. 400
CITY: JERSEY CITY
STATE: NJ
ZIP: 07311
FORMER COMPANY:
FORMER CONFORMED NAME: MACK CALI REALTY CORP
DATE OF NAME CHANGE: 19971224
FORMER COMPANY:
FORMER CONFORMED NAME: CALI REALTY CORP /NEW/
DATE OF NAME CHANGE: 19960730
FORMER COMPANY:
FORMER CONFORMED NAME: CALI REALTY L P
DATE OF NAME CHANGE: 19941025
4
1
form4-03212023_120315.xml
X0407
4
2023-03-17
0000924901
Veris Residential, Inc.
VRE
0001867946
Malhari Anna
C/O VERIS RESIDENTIAL, INC.
HARBORSIDE 3, 210 HUDSON ST., STE. 400
JERSEY CITY
NJ
07311
false
true
false
false
EVP & CHIEF OPERATING OFFICER
0
Time Vesting Restricted Stock Units
2023-03-17
4
A
0
20935
0
A
41051
D
Performance Vesting Restricted Stock Units
0
2023-03-17
4
A
0
21414
0
A
Common Stock, $0.01 par value
21414
21414
D
Outperformance Vesting Restricted Stock Units
0
2023-03-17
4
A
0
20935
0
A
Common Stock, $0.01 par value
20935
20935
D
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").
The TVRSUs vest in three equal annual installments beginning March 17, 2024.
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.
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).
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.
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.
/s/ Anna Malhari
2023-03-20