4//SEC Filing
Lombard Amanda 4
Accession 0001415889-23-005244
CIK 0000924901other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 8:43 PM ET
Size
11.2 KB
Accession
0001415889-23-005244
Insider Transaction Report
Form 4
Lombard Amanda
CHIEF FINANCIAL OFFICER
Transactions
- Award
Outperformance Vesting Restricted Stock Units
2023-03-17+22,680→ 22,680 totalExercise: $0.00→ Common Stock, $0.01 par value (22,680 underlying) - Award
Performance Vesting Restricted Stock Units
2023-03-17+23,198→ 23,198 totalExercise: $0.00→ Common Stock, $0.01 par value (23,198 underlying) - Award
Time Vesting Restricted Stock Units
2023-03-17+22,680→ 40,321 total
Footnotes (6)
- [F1]On March 17, 2023, 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").
- [F2]The TVRSUs vest in three equal annual installments beginning March 17, 2024.
- [F3]On March 17, 2023, 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.
- [F4]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 twenty-three (23) 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).
- [F5]On March 17, 2023, 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.
- [F6]The OPVRSUs may vest on March 16, 2026 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, 2025.
Documents
Issuer
Veris Residential, Inc.
CIK 0000924901
Entity typeother
Related Parties
1- filerCIK 0001832321
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 8:43 PM ET
- Size
- 11.2 KB