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

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

Summary

• On March 31, 2025, Nia Mahbod, CEO of Veris Residential, Inc., acquired 17.619 phantom stock units.
• These units were awarded as a quarterly dividend on previously granted units under the Veris Residential, Inc. Deferred Compensation Plan for Directors.
• 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 3,744.152 shares of Veris Residential common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing commitment between the executive and the company. This is generally viewed positively.

Positives

• The acquisition of phantom stock units aligns the CEO's interests with those of the shareholders.
• The deferred compensation plan incentivizes long-term service and commitment to the company.

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

Executive compensation through stock and phantom stock units is a common practice in the real estate industry to align management's interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the CEO's interests with those of the shareholders, potentially leading to better performance and increased shareholder value.

Key Dates

Keywords

Veris Residential, Nia Mahbod, phantom stock units, Form 4, deferred compensation, CEO, VRE, dividend