Veris Residential (NYSE: VRE) CEO nets shares after equity awards vest
Rhea-AI Filing Summary
Veris Residential, Inc. director and chief executive officer Nia Mahbod reported equity award vesting and related tax-withholding transactions. On March 16, 2026, she vested in 153,041 performance vesting restricted stock units (PVRSUs), while 28,844 PVRSUs were forfeited at the end of the three-year performance period. The vested PVRSUs converted into common shares, and a total of 97,094 common shares were forfeited to settle tax obligations on both performance and time-vesting restricted stock awards, rather than sold in the open market. After these transactions, she directly holds 586,416 shares of common stock and has an additional 380,869 shares held indirectly through a family limited liability company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 55,947 shares
Net Buy
5 txns
Insider
Nia Mahbod
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 22,599 | $18.875 | $427K |
| Exercise | Performance Vesting Restricted Stock Units | 181,885 | $0.00 | $0.00 |
| Exercise | Common Stock, $0.01 par value | 153,041 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.01 par value | 74,495 | $18.889 | $1.41M |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Performance Vesting Restricted Stock Units — 0 shares (Direct);
Common Stock, $0.01 par value — 586,416 shares (Direct);
Common Stock, $0.01 par value — 380,869 shares (Indirect, By family limited liability company)
Footnotes (4)
- F1. On March 16, 2026, the reporting person vested in 153,041 performance vesting restricted stock units (each, a "PVRSU") and forfeited 28,844 PVRSUs that did not vest at the end of the applicable three year performance period. Each PVRSU represented a contingent right to receive one share of common stock, $0.01 par value (the "Common Stock"), of Veris Residential, Inc. (the "Company').
- F2. Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of PVRSUs.
- F3. Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units.
- F4. Fifty percent (50%) of the PVRSUs were eligible to vest over a three year period ended March 16, 2026 based on the attainment of absolute total stockholder return ("TSR") metrics by the Company. The remaining fifty percent (50%) of the PVRSUs were eligible to vest over a three year period ended March 16, 2026 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Veris Residential (VRE) CEO Nia Mahbod report?
Nia Mahbod reported vesting of performance-based restricted stock units and related tax-withholding share dispositions. The transactions reflect equity compensation mechanics, not open-market buying or selling, and resulted in increased direct ownership of Veris Residential common stock.
How many Veris Residential (VRE) performance units vested for the CEO?
A total of 153,041 performance vesting restricted stock units vested for CEO Nia Mahbod. An additional 28,844 PVRSUs did not meet performance conditions and were forfeited at the end of the three-year performance period tied to total shareholder return metrics.
Were any of the Veris Residential (VRE) CEO’s transactions open-market sales?
No, the reported dispositions were tax-withholding events, not open-market sales. Shares were forfeited back to the company to satisfy tax obligations arising from the vesting of performance and time-vesting restricted stock awards.
What performance metrics drove the Veris Residential (VRE) PVRSU vesting?
The performance vesting restricted stock units were tied to three-year total shareholder return metrics. Half depended on absolute total shareholder return, and the other half on Veris Residential’s total shareholder return relative to a group of 23 peer REITs over the same period.