Jeffrey Scott Turkanis - Apr 29, 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
Apr 29, 2025
Transactions value $
-$151,372
Form type
4
Date filed
5/1/2025, 06:00 PM
Previous filing
Apr 21, 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 +15.6K +14.42% 124K Apr 29, 2025 Direct F1
transaction VRE Common Stock, $0.01 par value Tax liability -$151K -9.85K -7.95% $15.36 114K Apr 29, 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 Outperformance Vesting Restricted Stock Units Options Exercise -15.6K -100% 0 Apr 29, 2025 Common Stock, $0.01 par value 15.6K $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 April 29, 2025, the reporting person vested in 15,615 outperformance vesting restricted stock units (each, an "OPVRSU") that vested based upon performance criteria achieved as of December 31, 2024. Each OPVRSU represented a contingent right to receive one share of the Company's Common Stock.
F2 Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units and OPVRSUs.
F3 Each OPVRSU was eligible to vest on April 29, 2025 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, 2024.