Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 58

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 58
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 Target        |
| Debt Repayment             |     |        | 10 | % |     |           |      |        $50M |     |        |      |       $100M |     |         |      |        $150M |                  |      | $181.7M |     |         |     | Maximum           |
| ESG & Cybersecurity(3)     |     |        |  5 | % |     |           |      |  1 out of 3 |     |        |      |  2 out of 3 |     |         |      |   3 out of 3 |                  |      |       3 |     |         |     | Maximum           |
| Company Goals              |     |        | 15 | % |     |           |      | 7 out of 12 |     |        |      | 9 out of 12 |     |         |      | 11 out of 12 |                  |      |      11 |     |         |     | Maximum           |
| Individual Performance     |     |        | 30 | % |     |           |      |           1 |     |        |      |           3 |     |         |      |            5 | See Footnote (3) |      |         |     |         |     |                   |

(1) Core FFO to be calculated as presented in the Company’s filings, with an adjustment to annualize the impact of acquisitions, if any

(2) Excludes sales counted in previous years bonus targets, including Harborside 5, 107 Morgan, Met Lofts, and 2/3 Campus. Includes sales of joint venture interests. If an asset is under binding contract with a nonrefundable deposit, this should be counted as a sale. Based upon gross sales price

(3) Discretionary scores are as follows: Nia - 4.5; Malhari - 4.5; Lombard - 4; Turkanis - 3; Fielder - 3

The pages that follow describe the above-referenced Company Goals/Tasks that were approved by the Compensation Committee (and ratified by the Board), including the reasons these objectives were selected; the rationale for the designated hurdles; and the results achieved and the corresponding payouts earned. Thereafter, we disclose the Compensation Committee’s considerations relating to the individual performance of each of the Company’s NEOs as of December 31