Form 4: Veris Residential Director A. Akiva Katz Receives Restricted Stock Grant

Veris Residential, Inc. director and 10% owner A. Akiva Katz was granted 8,541 restricted shares of common stock under the company's 2024 Incentive Stock Plan.

Summary

• On June 11, 2025, A. Akiva Katz, a Director and 10% Owner of Veris Residential, Inc. (VRE), was granted 8,541 restricted shares of common stock.
• The shares were granted at a price of $0 per share, pursuant to the company's 2024 Incentive Stock Plan.
• These restricted shares are set to vest on the earlier of June 11, 2026, or the date of Veris Residential, Inc.'s 2026 annual meeting of stockholders.
• Following this transaction, A. Akiva Katz directly beneficially owns 45,663 shares of common stock.
• Additionally, A. Akiva Katz indirectly beneficially owns 5,195,930 shares of common stock through his position as Managing Partner of Bow Street LLC, which manages certain private investment funds and separately managed accounts.
• The total beneficial ownership for A. Akiva Katz, combining direct and indirect holdings, is 5,241,593 shares of Veris Residential, Inc. common stock.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates alignment of director's interests with shareholders through equity compensation, which is a common and generally well-regarded practice.

Positives

• The grant of restricted stock to a director aligns management's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The transaction was made pursuant to the company's 2024 Incentive Stock Plan, indicating a structured approach to executive and director compensation.

Risks

• The value of the granted restricted shares is subject to the future market price of Veris Residential, Inc. common stock, meaning the actual realized value upon vesting could be lower than the current market value if the stock price declines.

Future Outlook

The restricted shares granted to A. Akiva Katz are expected to vest on the earlier of June 11, 2026, or the date of the 2026 annual meeting of stockholders of Veris Residential, Inc.

Industry Context

This Form 4 filing reflects a routine insider transaction, specifically an equity grant to a director, which is a common practice in publicly traded companies, including those in the real estate investment trust (REIT) sector like Veris Residential, Inc., to incentivize long-term performance and align interests.

Corporate Governance

Related Party Transactions

• A. Akiva Katz's indirect beneficial ownership of 5,195,930 shares is through Bow Street LLC, where he serves as Managing Partner. This represents a related party holding, though the reported transaction is a direct grant from the issuer.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director aims to align the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: While not directly impacting all employees, the use of an incentive stock plan can set a precedent for performance-based compensation across the organization.

Next Steps

• The restricted shares will vest on the earlier of June 11, 2026, or the date of the 2026 annual meeting of stockholders.

Key Dates

Keywords

Veris Residential, VRE, A. Akiva Katz, SEC Form 4, Restricted Stock Grant, Director Compensation, Beneficial Ownership, Insider Transaction, Equity Compensation, Real Estate Investment Trust