Form 4: Veris Residential CEO Nia Mahbod Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Nia Mahbod reports a transaction involving Veris Residential stock, including the forfeiture of shares for tax settlement.
Summary
- On March 11, 2024, Nia Mahbod, CEO of Veris Residential, Inc., reported a transaction involving the company's common stock.
- Mahbod forfeited shares to cover taxes on vested restricted stock units, resulting in a decrease of 18,243 shares at a price of $15.18 per share.
- Following the transaction, Mahbod directly owns 316,015 shares and indirectly owns 113,689 shares through a family limited liability company.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related transaction following the vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the forfeiture of shares for tax purposes related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock transaction (forfeiture of shares). |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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