Form 4: Veris Residential GC Forfeits Shares for Tax Settlement

Veris Residential's EVP, General Counsel & Secretary, Taryn D. Fielder, forfeited 2,369 shares of common stock for tax settlement related to vested restricted stock units.

Summary

• Taryn D. Fielder, EVP, General Counsel & Secretary of Veris Residential, Inc. (VRE), reported a transaction on March 12, 2026.
• The transaction involved the forfeiture of 2,369 shares of Veris Residential common stock.
• This forfeiture was for the net share settlement of taxes on shares issued upon the vesting of time-vesting restricted stock units.
• The shares were valued at $18.868 per share for the purpose of this transaction.
• Following this transaction, Taryn D. Fielder beneficially owns 125,141 shares of Veris Residential common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction related to executive compensation and tax obligations, with no direct impact on the company's operational or financial performance.

Positives

• The vesting of time-vesting restricted stock units indicates ongoing executive compensation and retention, aligning management interests with shareholder value.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions. This specific filing details a common practice where executives forfeit a portion of their vested equity awards to cover tax obligations, rather than selling shares on the open market. This mechanism is often part of a company's equity compensation plan to ensure tax compliance upon vesting.

Comparison to Industry Standards

• The net share settlement of taxes on vested restricted stock units is a common practice in executive compensation across various industries, including real estate investment trusts (REITs) like Veris Residential.
• Many companies, such as Prologis (PLD) or Equity Residential (EQIX), utilize similar mechanisms to manage tax obligations arising from equity awards for their executives.

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a routine tax settlement for executive compensation, not a discretionary sale into the open market.
• Employees: No direct impact.

Key Dates

Keywords

Veris Residential, VRE, Form 4, Insider Transaction, Stock Forfeiture, Restricted Stock Units, Executive Compensation, Tax Settlement, Taryn Fielder