Form 4: Veris Residential Executive Anna Malhari Reports Share Forfeiture for Tax Settlement
SEC Form 4 Filing
Anna Malhari, EVP & Chief Operating Officer of Veris Residential, reports the forfeiture of 2,523 shares for net share settlement of taxes on vested restricted stock units.
Summary
- On March 18, 2024, Anna Malhari, the EVP & Chief Operating Officer of Veris Residential, Inc., reported a transaction involving the forfeiture of 2,523 shares of common stock.
- The shares were forfeited for net share settlement of taxes on shares issued upon the vesting of time vesting restricted stock units.
- Following the transaction, Malhari directly owns 62,813 shares of Veris Residential, Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax settlement process related to the vesting of restricted stock units, which is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares forfeited for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of the share forfeiture transaction. |
| 03/20/2024 | Date of signature on the Form 4 filing. |
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