Jeffrey Scott Turkanis - Mar 10, 2025 Form 4 Insider Report for Veris Residential, Inc. (VRE)

Role: EVP & CHIEF INVESTMENT OFFICER
Signature: /s/ Jeffrey Scott Turkanis
Stock symbol: VRE
Transactions as of: Mar 10, 2025
Transactions value $: -$31,741
Form type: 4
Date filed: 3/12/2025, 06:45 PM
Previous filing: Mar 11, 2025
Next filing: Mar 14, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRE	Common Stock, $0.01 par value	Options Exercise		+6.53K	+5.89%		117K	Mar 10, 2025	Direct	F1
transaction	VRE	Common Stock, $0.01 par value	Tax liability	-$31.7K	-1.92K	-1.63%	$16.58	116K	Mar 10, 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VRE	Performance Vesting Restricted Stock Units	Options Exercise		-20.7K	-100%		0	Mar 10, 2025	Common Stock, $0.01 par value	20.7K	$0.00	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 10, 2025, the reporting person vested in 6,528 performance vesting restricted stock units and (each, a "PVRSU") and forfeited 14,151 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').
F2	Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of PVRSUs.
F3	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.