Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 91

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 91
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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 $132,009.

6) Amount includes (i) immediate vesting of 41,556 subject to time-based vesting valued at $691,076; (ii) immediate vesting of 3,062 RSUs subject to time-based vesting (granted as an inducement award) valued at $50,921; (iii) eligible for vesting of 6,068 PSUs subject to performance-based vesting, as adjusted on a pro rata basis for the term of service relative to the three-year vesting term of the award, and based on actual performance of all PSUs measured as of December 31, 2024, valued at $100,911; (iv) accumulated dividends due upon the vesting of the aforementioned PSUs and OPRSUs, valued at $4,815; and (v) vesting of 7,938 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 $132,009.

7) Amount includes (i) an aggregate severance payment of $1,600,000; (ii) immediate vesting of 41,556 RSUs subject to time-based vesting valued at $691,076; (iii) immediate vesting of 3,062 RSUs subject to time-based vesting (granted as an inducement award) valued at $50,921; (iv) immediate vesting of 59,129 PSUs subject to performance-based vesting valued at $983,319 and based on actual performance of all PSUs measured as of December 31, 2024 in connection with a termination upon a change in control; (v) accumulated dividends due upon the vesting of the aforementioned PSUs and OPRSUs, valued at $22,052; and (vi) vesting of 8,455 OPRSUs that were earned as of December 31, 2024 based on actual performance, valued at $140,607.

8) Amount includes (i) an aggregate severance payment of $1,200,000 (ii) immediate vesting of 83,334 options valued at $25,000, or $0