Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 93

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 93
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ing term of the award, and based on actual performance of all PSUs measured as of December 31, 2024, valued at $141,771; (v) accumulated dividends due upon the vesting of the aforementioned PSUs and OPRSUs, valued at $7,926; and (vi) vesting of 13,947 OPRSUs that were earned as of December 31, 2024 based on actual performance, as adjusted on a pro rata basis for the term of service relative to the three-year vesting term of the award, valued at $231,939.

10) Amount includes (i) an aggregate severance payment of $1,600,000 (ii) immediate vesting of 83,334 options valued at $25,000.20, or $0.30 per option based on the spread between the closing price of the Common Stock as reported on the NYSE on December 31, 2024 ($16.63) and the exercise price of the options ($16.33); (iii) immediate vesting of 44,581 RSUs subject to time-based vesting valued at $741,386; (iv) immediate vesting of 6,506 RSUs subject to time-based vesting (granted as an inducement award) valued at $108,195; (v) immediate vesting of 71,146 PSUs subject to performance-based vesting valued at $1,183,158 and based on actual performance of all PSUs measured as of December 31, 2024 in connection with a termination upon a change in control; (vi) vesting of 15,615 OPRSUs that were earned as of December 31, 2024 based on actual performance, valued at $259,677; (vii) accumulated dividends due upon the vesting of the aforementioned PSUs and OPRSUs, valued at $29,238; and (viii) the continuation of health insurance coverage for a period of 18 months, valued at approximately $58,393.

11) Amount includes (i) an aggregate severance payment of $1,200,000; (ii) immediate vesting of 14,683 RSUs subject to time-based vesting, as adjusted on a pro rata basis for the term of service relative to the three-year vesting term of the award, valued at $244,178; (iii) eligible for vesting of 6,275 PSUs subject to