Form 4: Veris Residential Director Ronald Dickerman Receives Restricted Stock Grant

Veris Residential, Inc. Director Ronald Dickerman was granted 8,541 restricted shares of common stock as part of the company's 2024 Incentive Stock Plan.

Summary

• Ronald Dickerman, a Director of Veris Residential, Inc. (VRE), was granted 8,541 restricted shares of common stock on June 11, 2025.
• The grant was made pursuant to the company's 2024 Incentive Stock Plan at a price of $0 per share.
• These shares are scheduled to vest on the earlier of June 11, 2026, or the date of the 2026 annual meeting of stockholders.
• Following this transaction, Mr. Dickerman directly beneficially owns 24,218 shares of common stock.
• Additionally, he indirectly beneficially owns 6,107,661 shares through various entities operating under the trade name "Madison International Realty," over which he exercises shared voting and dispositive control.

Sentiment

Score: 6

Explanation: The grant of restricted stock to a director is a standard compensation practice that aligns the director's interests with those of shareholders, indicating a positive governance structure and commitment to long-term value creation.

Positives

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

Risks

• The value of the granted restricted shares is subject to the future performance of Veris Residential, Inc.'s common stock, meaning the ultimate value realized by the director is not guaranteed.
• The vesting of shares is contingent on specific dates or events, meaning the director does not have immediate full ownership or liquidity of the granted shares.

Future Outlook

The 8,541 restricted shares granted to Director Ronald Dickerman are scheduled to vest on the earlier of June 11, 2026, or the date of Veris Residential, Inc.'s 2026 annual meeting of stockholders.

Industry Context

The grant of restricted stock to a director is a common practice in the real estate investment trust (REIT) sector, including companies like Veris Residential, Inc., to incentivize long-term performance and align management interests with shareholder value.

Comparison to Industry Standards

• The specific details of this grant, such as the number of shares and vesting schedule, are consistent with typical director compensation practices observed across the REIT industry. While a direct comparison to specific comparable companies or projects would require more detailed compensation plan disclosures, the general structure aligns with industry norms for equity-based director incentives.

Corporate Governance

Related Party Transactions

• Ronald Dickerman exercises shared voting and dispositive control over 6,107,661 shares beneficially owned by entities collectively operating under the trade name "Madison International Realty," including Madison International Realty Holdings, LLC, Madison International Realty Partners GP, LLC, Madison International Realty Partners, LP, and various other Madison International Realty entities. This represents a significant indirect holding and a related party relationship in terms of control.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director aims to align the director's long-term interests with those of shareholders, potentially leading to improved company performance and value creation.
• Employees: Not directly impacted by this specific director compensation filing.
• Customers: Not directly impacted.
• Suppliers: Not directly impacted.
• Creditors: Not directly impacted.

Next Steps

• Vesting of the 8,541 restricted shares on the earlier of June 11, 2026, or the date of the 2026 annual meeting of stockholders.

Key Dates

Keywords

Veris Residential, VRE, SEC Form 4, Insider Transaction, Restricted Stock Grant, Director Compensation, Equity Incentive Plan, Real Estate Investment Trust, REIT