March 10, 2025 · Form 4 insider transaction
Nia Mahbod sold 138,753 shares of Veris Residential, Inc., a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
On March 10, 2025, the reporting person vested in 44,944 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 93,809 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').; Seventy-five percent (75%) of the PVRSUs were eligible to vest over a three year period ended March 9, 2025 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 March 9, 2025 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.