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Malhari Anna – ‘4’ for 4/22/24 re: Veris Residential, Inc.

On:  Wednesday, 4/24/24, at 6:05pm ET   ·   For:  4/22/24   ·   As:  Officer   ·   Accession #:  1415889-24-11463   ·   File #:  1-13274

Previous ‘4’:  ‘4’ on 3/20/24 for 3/18/24   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/24/24  Malhari Anna                      4          Officer     1:11K  Veris Residential, Inc.           SEC Connect

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     11K 
                Securities by an Insider --                                      
                form4-04242024_060402.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider — form4-04242024_060402.xml/5.8
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  4/22/24
Issuer:
Issuer CIK:  924901
Issuer Name:  Veris Residential, Inc.
Issuer Trading Symbol:  VRE
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1867946
Owner Name:  Malhari Anna
Reporting Owner Address:
Owner Street 1:  C/O VERIS RESIDENTIAL, INC.
Owner Street 2:  HARBORSIDE 3, 210 HUDSON ST., STE. 400
Owner City:  JERSEY CITY
Owner State:  NJ
Owner ZIP Code:  07311
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  EVP & CHIEF OPERATING OFFICER
Other Text:
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock, $0.01 par value
Transaction Date:
Value:  4/22/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  1,279
Transaction Price Per Share:
Footnote ID:  F1
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  64,092
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock, $0.01 par value
Transaction Date:
Value:  4/22/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  9,219
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  73,311
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock, $0.01 par value
Transaction Date:
Value:  4/22/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  F
Equity Swap Involved?  No
Footnote ID:  F3
Transaction Amounts:
Transaction Shares:
Value:  4,907
Transaction Price Per Share:
Value:  14.665
Transaction Acquired-Disposed Code:
Value:  D
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  68,404
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Performance Vesting Restricted Stock Units
Conversion or Exercise Price:
Value:  0
Footnote ID:  F1
Transaction Date:
Value:  4/22/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  5,695
Transaction Price Per Share:
Footnote ID:  F1
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F4
Expiration Date:
Footnote ID:  F4
Underlying Security:
Underlying Security Title:
Value:  Common Stock, $0.01 par value
Underlying Security Shares:
Value:  5,695
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Derivative Transaction:
Security Title:
Value:  Outperformance Vesting Restricted Stock Units
Conversion or Exercise Price:
Value:  0
Footnote ID:  F2
Transaction Date:
Value:  4/22/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  M
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  9,219
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F5
Expiration Date:
Footnote ID:  F5
Underlying Security:
Underlying Security Title:
Value:  Common Stock, $0.01 par value
Underlying Security Shares:
Value:  9,219
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Nature of Ownership:
Value:
Footnotes:
Footnote - F1:  On April 22, 2024, the reporting person vested in 1,279 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 4,416 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').
Footnote - F2:  On April 22, 2024, the reporting person vested in 9,219 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.
Footnote - F3:  Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units, PVRSUs and OPVRSUs.
Footnote - F4:  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.
Footnote - F5:  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.
Owner Signature:
Signature Name:  /s/ Anna Malhari
Signature Date:  4/24/24


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Filing Submission 0001415889-24-011463   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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