Form 4: Veris Residential EVP Taryn Fielder Reports Stock Vesting and Tax Settlement

Taryn D. Fielder, EVP, General Counsel & Secretary of Veris Residential, Inc., reports the vesting of outperformance restricted stock units and subsequent forfeiture of shares for tax obligations.

Summary

• On April 29, 2025, Taryn D. Fielder, EVP, General Counsel & Secretary of Veris Residential, Inc., vested in 17,489 outperformance vesting restricted stock units (OPVRSUs).
• These OPVRSUs vested based on performance criteria achieved as of December 31, 2024.
• Each OPVRSU represents a contingent right to receive one share of Veris Residential's common stock.
• Fielder also forfeited 10,274 shares to cover taxes on the vesting of both time-vesting restricted stock units and OPVRSUs at a price of $15.363 per share.
• Following these transactions, Fielder directly owns 106,049 shares of Veris Residential common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider activity.

Positives

• The vesting of outperformance restricted stock units suggests that the company met certain performance targets related to adjusted funds from operations per share.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company executives. It is common for executives to receive stock-based compensation and to have shares withheld to cover tax obligations upon vesting.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted stock-based compensation and a small forfeiture of shares for tax purposes.

Key Dates

Keywords

Veris Residential, Taryn Fielder, stock vesting, OPVRSU, Form 4, insider trading, securities, beneficial ownership