Veris Residential CFO granted new RSU awards
Lombard Amanda reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lombard Amanda reported acquisition or exercise transactions in this Form 4 filing.
Veris Residential, Inc. reported that its Chief Financial Officer, Amanda Lombard, received three types of equity awards on February 19, 2026. She was granted 26,954 time-vesting restricted stock units (TVRSUs), 26,954 performance-vesting RSUs (PVRSUs), and 26,954 outperformance-vesting RSUs (OPVRSUs), each representing a contingent right to one share of common stock.
The TVRSUs vest in three equal annual installments beginning February 19, 2027. The PVRSUs may vest over a three-year period based on the company’s absolute total shareholder return and its total shareholder return relative to a group of 11 peer REITs, with vesting from 0% to 160% of the target amount. The OPVRSUs may vest on February 18, 2029 from 0% to 100% based on adjusted funds from operations per share for the 2028 fiscal year.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Vesting Restricted Stock Units | 26,954 | $0.00 | $0.00 |
| Grant/Award | Outperformance Vesting Restricted Stock Units | 26,954 | $0.00 | $0.00 |
| Grant/Award | Time Vesting Restricted Stock Units | 26,954 | $0.00 | $0.00 |
Footnotes (6)
- F1. On February 19, 2026, 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").
- F2. The TVRSUs vest in three equal annual installments beginning February 19, 2027.
- F3. On February 19, 2026, the reporting person was granted performance vesting restricted stock units (each, a "PVRSU"). Each PVRSU represents a contingent right to receive one share of Common Stock.
- F4. Fifty percent (50%) 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 fifty percent (50%) 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 eleven (11) 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).
- F5. On February 19, 2026, the Company granted the reporting person outperformance vesting restricted stock units (each, a "OPVRSU"). Each OPVRSU represents a contingent right to receive one share of Common Stock.
- F6. The OPVRSUs may vest on February 18, 2029 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, 2028.
FAQ
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What equity awards did Veris Residential (VRE) CFO Amanda Lombard receive?
How do the time-vesting RSUs granted to the Veris Residential CFO vest?
What performance metrics determine vesting of the Veris Residential CFO’s PVRSUs?
When can the outperformance-vesting RSUs for Veris Residential (VRE) CFO vest?
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