Form 4: Veris Residential CEO Nia Mahbod Reports Stock Transactions
SEC Form 4 Filing
CEO Nia Mahbod reports the forfeiture of shares for net share settlement of taxes on vested restricted stock units.
Summary
- On March 12, 2025, Nia Mahbod, CEO of Veris Residential, Inc., reported a transaction involving common stock.
- Mahbod forfeited 24,182 shares for net share settlement of taxes at a price of $16.135 per share.
- Following the transaction, Mahbod directly owns 450,607 shares of Veris Residential, Inc.
- Mahbod indirectly owns 380,869 shares through a family limited liability company.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CEO, when they engage in transactions involving the company's stock. It provides transparency to the market regarding the holdings and transactions of key company personnel.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the forfeiture of shares for tax purposes, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of stock transaction (forfeiture of shares). |
| 03/14/2025 | Date of signature on the report. |
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