Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 81

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 81
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 |   |     |           |       — |     |         |     |                     |   750,000 |     |   |     |                   |         — |     |         |     |                                               |   573,000 |     |        |     |                            | 31,162 |     |    |           |     |            | 1,754,162 |
|                                                                   |     | 2022 |     |      |     | 276,923 |     |            |         |     | — |     |           |         |     | 960,000 |     |                     |           |     | — |     |                   |           |     | 546,498 |     |                                               |           |     | 33,133 |     |                            |        |     |    | 1,816,554 |     |            |           |

(1) This column represents the grant date fair value of the Share Awards computed in accordance with FASB ASC Topic 718, excluding the effect of estimated forfeitures. Share awards for Mr. Nia, Ms. Malhari, Mr. Turkanis, Ms. Fielder and Ms. Lombard consist of service-vesting RSUs and performance-vesting PSUs granted on March 12, 2024. The grant date fair value of each RSU awarded on March 12, 2024 to Mr. Nia, Ms. Malhari, Mr. Turkanis, Ms. Fielder and Ms. Lombard in the amounts of 148,448, 25,304, 21,930, 23,617 and 23,617 RSUs, respectively, was equal to the closing price on New York Stock Exchange on the award date ($14.82). The grant date fair value for the PSUs awarded to Mr. Nia, Ms. Malhari, Mr. Turkanis, Ms. Fielder and Ms. Lombard in the maximum amounts of 256,701, 43,755, 37,922, 40,838, and 40,838 on March 12, 2024, respectively, was $13.53 per PSU for the absolute TSR component and $13.90 per PSU for the relative TSR component and was determined using a Monte Carlo simulation probabilistic valuation model, disregarding for this purpose the estimate of forfeitures related to time-based vesting conditions. The amounts listed in this column include the following amounts for PSUs awarded