Form 4: Veris Residential CFO Amanda Lombard Reports Share Forfeiture for Tax Settlement

Amanda Lombard, CFO of Veris Residential, reports the forfeiture of 2,733 shares of common stock to cover taxes on vested restricted stock units.

Summary

• On March 18, 2024, Amanda Lombard, the Chief Financial Officer of Veris Residential, Inc., reported a transaction involving the forfeiture of company shares.
• The transaction involved the forfeiture of 2,733 shares of common stock at a price of $14.808 per share.
• This forfeiture was executed for the net share settlement of taxes related to the vesting of time-vesting restricted stock units.
• Following the reported transaction, Lombard directly owns 60,186 shares of Veris Residential, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting a standard tax obligation related to equity compensation. It doesn't inherently signal positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This specific filing indicates a routine tax settlement related to vested equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related share forfeiture.

Key Dates