0001415889-24-008032.txt : 20240314 0001415889-24-008032.hdr.sgml : 20240314 20240314180015 ACCESSION NUMBER: 0001415889-24-008032 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240312 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nia Mahbod CENTRAL INDEX KEY: 0001655968 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13274 FILM NUMBER: 24751608 MAIL ADDRESS: STREET 1: C/O COLONY NORTHSTAR, INC. STREET 2: 590 MADISON AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Veris Residential, Inc. CENTRAL INDEX KEY: 0000924901 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction 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 form4-03142024_060301.xml X0508 4 2024-03-12 0000924901 Veris Residential, Inc. VRE 0001655968 Nia Mahbod C/O VERIS RESIDENTIAL, INC. HARBORSIDE 3, 210 HUDSON ST., STE. 400 JERSEY CITY NJ 07311 true true false false CHIEF EXECUTIVE OFFICER 0 Time Vesting Restricted Stock Units 2024-03-12 4 A 0 148448 0 A 366571 D Common Stock, $0.01 par value 211581 I By family limited liability company Performance Vesting Restricted Stock Units 0 2024-03-12 4 A 0 160438 0 A Common Stock, $0.01 par value 160438 160438 D Outperformance Vesting Restricted Stock Units 0 2024-03-12 4 A 0 148448 0 A Common Stock, $0.01 par value 148448 148448 D 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"). The TVRSUs vest in three equal annual installments beginning March 12, 2025. Includes 97,892 shares of Common Stock previously transferred by the reporting person to his family limited liability company in transactions exempt from Section 16 of the Exchange Act pursuant to Rule 16a-13. 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. 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). 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. 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. /s/ Mahbod Nia 2024-03-14