Veris Residential (NYSE: VRE) EVP vests RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Veris Residential, Inc. executive Taryn D. Fielder reported equity compensation activity rather than open‑market trading. On March 16, 2026, 28,693 performance vesting restricted stock units vested and converted into an equal number of common shares, while 5,409 units were forfeited at the end of the three‑year performance period. To cover tax obligations on shares issued from both performance and time‑vesting restricted stock units, 11,570 and 3,934 common shares were withheld on March 16 and March 17, respectively, at prices around $18.88 per share. After these transactions, Fielder directly held 138,330 shares of Veris Residential common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
34,102 shares exercised/converted
Mixed
4 txns
Insider
Fielder Taryn D.
Role
EVP, GENERAL COUNSEL & SEC.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 par value | 3,934 | $18.875 | $74K |
| Exercise | Performance Vesting Restricted Stock Units | 34,102 | $0.00 | -- |
| Exercise | Common Stock, $0.01 par value | 28,693 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 par value | 11,570 | $18.889 | $219K |
Holdings After Transaction:
Common Stock, $0.01 par value — 138,330 shares (Direct);
Performance Vesting Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- On March 16, 2026, the reporting person vested in 28,693 performance vesting restricted stock units (each, a "PVRSU") and forfeited 5,409 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'). Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of PVRSUs. Forfeiture of shares for net share settlement of taxes on shares issued upon vesting of time vesting restricted stock units. 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.
FAQ
What insider transactions did Veris Residential (VRE) EVP Taryn Fielder report?
Taryn Fielder reported equity compensation activity, not open-market trades. Performance and time-vesting restricted stock units vested into common shares, and a portion of those shares was withheld to settle tax obligations, as is typical in stock-based compensation programs.
How many Veris Residential restricted stock units were forfeited by Taryn Fielder?
Fielder forfeited 5,409 performance vesting restricted stock units that did not meet vesting conditions at the end of the three-year performance period. These forfeited units represent awards that failed to satisfy the specified total shareholder return performance metrics over that timeframe.
Were Taryn Fielder’s Veris Residential transactions open-market buys or sells?
The reported activity consists of restricted stock unit vesting and share forfeitures for tax settlement, not open-market purchases or sales. Code M reflects derivative exercises or conversions, while code F indicates shares withheld to pay taxes on the vested stock-based compensation awards.