Form 4: Veris Residential EVP Jeffrey Scott Turkanis Reports Share Forfeiture for Tax Settlement
SEC Form 4 Filing
Jeffrey Scott Turkanis, EVP & Chief Investment Officer of Veris Residential, Inc., reports the forfeiture of shares to cover taxes on vested restricted stock units.
Summary
- On April 18, 2025, Jeffrey Scott Turkanis, EVP & Chief Investment Officer of Veris Residential, Inc., forfeited 2,169 shares of common stock to cover taxes related to the vesting of restricted stock units.
- The shares were forfeited at a price of $15.568 per share.
- Following the transaction, Turkanis directly owns 108,304 shares of Veris Residential, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction (tax settlement) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax settlement process related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 04/18/2025 | Date of the share forfeiture transaction. |
| 04/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Veris Residential, Turkanis, Share Forfeiture, Restricted Stock Units, Tax Settlement, VRE, Beneficial Ownership
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