Form 4: Veris Residential CEO Nia Mahbod Reports Acquisition of Phantom Stock Units

Veris Residential CEO Nia Mahbod reports the acquisition of phantom stock units as part of a deferred compensation plan.

Summary

• On December 31, 2024, Nia Mahbod, CEO of Veris Residential, Inc., acquired 17.851 phantom stock units.
• These units were awarded as a quarterly dividend credited on cumulative phantom stock units previously granted for service as a director.
• The phantom stock units convert to common stock on a one-for-one basis and will be settled in Veris Residential, Inc. common stock upon termination of service or a change in control.
• Following the transaction, Mahbod directly owns 3,726.533 shares of Veris Residential common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The phantom stock units will be settled in Veris Residential, Inc. common stock upon the termination of the reporting person's service on the Board of Directors of Veris Residential, Inc. or upon a change in control of Veris Residential, Inc.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company executives. It's common for executives to receive stock-based compensation, and the reporting of these transactions is a standard regulatory requirement.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects an internal compensation arrangement.
• Shareholders may view the transaction as a sign of management's alignment with the company's long-term success.

Key Dates