0001415889-24-011461.txt : 20240424
0001415889-24-011461.hdr.sgml : 20240424
20240424180013
ACCESSION NUMBER: 0001415889-24-011461
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240422
FILED AS OF DATE: 20240424
DATE AS OF CHANGE: 20240424
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: 24872165
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
form4-04242024_060402.xml
X0508
4
2024-04-22
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
Common Stock, $0.01 par value
2024-04-22
4
M
0
51139
A
348603
D
Common Stock, $0.01 par value
2024-04-22
4
M
0
122926
A
471529
D
Common Stock, $0.01 par value
2024-04-22
4
F
0
104691
14.665
D
366838
D
Common Stock, $0.01 par value
2024-04-22
5
G
0
110351
0
D
256487
D
Common Stock, $0.01 par value
2024-04-22
5
G
0
110351
0
A
368454
I
By family limited liability company
Performance Vesting Restricted Stock Units
0
2024-04-22
4
M
0
227791
D
Common Stock, $0.01 par value
227791
0
D
Outperformance Vesting Restricted Stock Units
0
2024-04-22
4
M
0
122926
D
Common Stock, $0.01 par value
122926
0
D
On April 22, 2024, the reporting person vested in 51,139 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 176,652 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').
On April 22, 2024, the reporting person vested in 122,926 outperformance vesting restricted stock units and (each, an "OPVRSU") that vested based upon performance criteria achieved as of December 31, 2023. Each OPVRSU represented a contingent right to receive one share of the Company's Common Stock.
Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units, PVRSUs and OPVRSUs.
Represents transfer of shares to a family limited liability company in a transaction exempt from Section 16 pursuant to Rule 16a-13. The transfer is being reported on a voluntary basis to reconcile the reporting person's beneficial ownership as previously reported under Section 16.
Seventy-five percent (75%) of the PVRSUs were eligible to vest over a three year period ended April 20, 2024 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 April 21, 2024 based on the Company's TSR relative to the TSR of a select group of twenty-four (24) peer REITs over the same three year performance period.
Each OPVRSU was eligible to vest on April 22, 2024 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, 2023.
/s/ Mahbod Nia
2024-04-24