Form 4: Veris Residential CEO Nia Mahbod Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Nia Mahbod reports changes in Veris Residential stock ownership due to tax settlement and transfer to a family limited liability company.
Summary
- On March 18, 2024, Nia Mahbod, CEO of Veris Residential, reported changes in beneficial ownership of the company's common stock.
- 22,585 shares were forfeited for net share settlement of taxes at a price of $14.808 per share.
- 46,522 shares were transferred to a family limited liability company at $0 per share.
- Following these transactions, Mahbod directly owns 297,464 shares and indirectly owns 258,103 shares through a family limited liability company.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the ownership stake of key executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of the reported transactions (tax settlement and transfer of shares). |
| 03/20/2024 | Date of signature on the Form 4 filing. |
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