Form 4: Veris Residential CEO Nia Mahbod Reports Share Forfeiture for Tax Obligations

Veris Residential CEO Nia Mahbod reports the forfeiture of 22,665 shares to cover tax obligations related to vesting restricted stock units.

Summary

• On March 17, 2025, Nia Mahbod, CEO of Veris Residential, Inc., forfeited 22,665 shares of common stock to cover taxes on shares issued upon the vesting of time-vesting restricted stock units.
• The transaction was executed at a price of $16.27 per share.
• Following the transaction, Mahbod directly owns 427,942 shares and indirectly owns 380,869 shares through a family limited liability company.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard tax-related share forfeiture. 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 share forfeiture, which is a common occurrence when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Veris Residential, Nia Mahbod, Form 4, Share Forfeiture, Tax Obligations, Restricted Stock Units, Beneficial Ownership, VRE