Veris Residential (VRE) CEO logs tax-related share forfeiture, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veris Residential, Inc. director and chief executive officer Nia Mahbod reported a tax-related share disposition. On March 12, 2026, 24,107 shares of common stock were forfeited at $18.868 per share to cover taxes on vested restricted stock units. After this non-market tax-withholding event, Mahbod directly owned 530,469 shares of common stock and indirectly held 380,869 shares through a family limited liability company, indicating a substantial remaining equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nia Mahbod
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value | 24,107 | $18.868 | $455K |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 530,469 shares (Direct);
Common Stock, $0.01 par value — 380,869 shares (Indirect, By family limited liability company)
Footnotes (1)
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FAQ
What insider transaction did Veris Residential (VRE) CEO Nia Mahbod report?
Nia Mahbod reported a tax-related share disposition. On March 12, 2026, 24,107 Veris Residential common shares were forfeited at $18.868 each to settle taxes on vested restricted stock units, rather than being sold on the open market.
Was the Veris Residential (VRE) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 24,107 shares were forfeited to cover tax liabilities on time-vesting restricted stock units, a standard non-market mechanism, and not a discretionary sale into the public market.
What triggered the tax withholding disposition reported by Veris Residential (VRE)?
The disposition was triggered by the vesting of time-vesting restricted stock units. When these restricted stock units vested, 24,107 resulting shares were forfeited to net settle the associated tax obligations, as described in the filing footnote.
Does the Veris Residential (VRE) Form 4 show any stock purchases or sales by the CEO?
The Form 4 does not show open-market purchases or sales by the CEO. It records a tax-withholding disposition related to vested restricted stock units and an updated holding entry for indirectly owned shares via a family limited liability company.