Form 4: Veris Residential EVP Anna Malhari Reports Stock Vesting and Forfeiture
SEC Form 4 Filing
Anna Malhari, EVP & COO of Veris Residential, reports vesting of performance and outperformance restricted stock units, along with forfeiture of unvested units and shares for tax settlement.
Summary
- On April 22, 2024, Anna Malhari, EVP & COO of Veris Residential, reported transactions involving the company's common stock.
- Malhari vested in 1,279 performance vesting restricted stock units (PVRSUs) and forfeited 4,416 PVRSUs that did not meet the performance criteria over a three-year period.
- Additionally, 9,219 outperformance vesting restricted stock units (OPVRSUs) vested based on performance criteria achieved as of December 31, 2023.
- 4,907 shares were forfeited for net share settlement of taxes related to the vesting of restricted stock units.
- Following these transactions, Malhari directly owns 68,404 shares of Veris Residential common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Negatives
- 4,416 performance vesting restricted stock units were forfeited because performance targets were not met.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting and forfeiture of stock units can impact shareholder equity and executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of vesting and forfeiture of restricted stock units. |
| 04/24/2024 | Date of signature on the Form 4 filing. |
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