0001415889-24-008040.txt : 20240314 0001415889-24-008040.hdr.sgml : 20240314 20240314180514 ACCESSION NUMBER: 0001415889-24-008040 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: TURKANIS JEFFREY SCOTT CENTRAL INDEX KEY: 0001921157 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13274 FILM NUMBER: 24751645 MAIL ADDRESS: STREET 1: 12 RICHARD ROAD CITY: MARBLEHEAD STATE: MA ZIP: 01945 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_060308.xml X0508 4 2024-03-12 0000924901 Veris Residential, Inc. VRE 0001921157 TURKANIS JEFFREY SCOTT C/O VERIS RESIDENTIAL, INC. HARBORSIDE 3, 210 HUDSON STREET JERSEY CITY NJ 07311 false true false false EVP & CHIEF INVESTMENT OFFICER 0 Time Vesting Restricted Stock Units 2024-03-12 4 A 0 21930 0 A 89740 D Performance Vesting Restricted Stock Units 0 2024-03-12 4 A 0 23701 0 A Common Stock, $0.01 par value 23701 23701 D Outperformance Vesting Restricted Stock Units 0 2024-03-12 4 A 0 21930 0 A Common Stock, $0.01 par value 21930 21930 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. 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/ Jeffrey Scott Turkanis 2024-03-14