0001179110-22-002201.txt : 20220314
0001179110-22-002201.hdr.sgml : 20220314
20220314164615
ACCESSION NUMBER: 0001179110-22-002201
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220310
FILED AS OF DATE: 20220314
DATE AS OF CHANGE: 20220314
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Wagner Gary T
CENTRAL INDEX KEY: 0001609399
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13274
FILM NUMBER: 22737218
MAIL ADDRESS:
STREET 1: 343 THORNALL STREET, 8TH FLOOR
CITY: EDISON
STATE: NJ
ZIP: 08837-2206
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Veris Residential, Inc.
CENTRAL INDEX KEY: 0000924901
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 223305147
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: HARBORSIDE 3
STREET 2: 210 HUDSON ST., STE. 400
CITY: JERSEY CITY
STATE: NJ
ZIP: 07311
BUSINESS PHONE: 7325901000
MAIL ADDRESS:
STREET 1: HARBORSIDE 3
STREET 2: 210 HUDSON ST., STE. 400
CITY: JERSEY CITY
STATE: NJ
ZIP: 07311
FORMER COMPANY:
FORMER CONFORMED NAME: MACK CALI REALTY CORP
DATE OF NAME CHANGE: 19971224
FORMER COMPANY:
FORMER CONFORMED NAME: CALI REALTY CORP /NEW/
DATE OF NAME CHANGE: 19960730
FORMER COMPANY:
FORMER CONFORMED NAME: CALI REALTY L P
DATE OF NAME CHANGE: 19941025
4
1
edgar.xml
FORM 4 -
X0306
4
2022-03-10
0
0000924901
Veris Residential, Inc.
VRE
0001609399
Wagner Gary T
C/O VERIS RESIDENTIAL, INC.
HARBORSIDE 3, 210 HUDSON ST., STE. 400
JERSEY CITY
NJ
07311
0
1
0
0
General Counsel & Secretary
Time Vesting Restricted Stock Units
2022-03-10
4
A
0
14092
0
A
42337
D
Performance Vesting Restricted Stock Units
0
2022-03-10
4
A
0
15237
0
A
Common Stock, $0.01 par value
15237
15237
D
Outperformance Vesting Restricted Stock Units
0
2022-03-10
4
A
0
14092
0
A
Common Stock, $0.01 par value
14092
14092
D
On March 10, 2022, the reporting person was granted time vesting restricted stock units (each, a "TVRSU"). Each TVRSU represents a contingent right to receive one share of common stock, $0.01 par value (the "Common Stock"), of Veris Residential, Inc. (the "Company").
The TVRSUs vest in three equal annual installments beginning March 10, 2023.
On March 10, 2022, the reporting person was granted performance vesting restricted stock units (each, a "PVRSU"). Each PVRSU represents represents a contingent right to receive one share of Common Stock.
Seventy-five percent (75%) of the PVRSUs may vest over a three year period based on the attainment of absolute total stockholder return ("TSR") metrics by the Company over a three year performance period. The remaining twenty-five percent (25%) of the PVRSUs may vest over a three year period based on the Company's TSR relative to the TSR of a select group of twenty-three (23) peer REITs over the same three year performance period. PVRSUs may vest between 0% and 160% of the "target" performance level (the number of shares listed herein).
On March 10, 2022, the Company granted the reporting person outperformance vesting restricted stock units (each, a "OPVRSU"). Each OPVRSU represents represents a contingent right to receive one share of Common Stock.
The OPVRSUs may vest on March 9, 2025 from 0% to 100% based on the attainment of certain levels of adjusted funds from operations per share for the Company's fiscal year ending December 31, 2024.
/s/ Gary T. Wagner
2022-03-14