Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 90

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 90
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 adjusted on a pro rata basis for the term of service relative to the three-year vesting term of the award, valued at $1,760,152; (iv) accumulated dividends due upon the vesting of the aforementioned PSUs and OPRSUs, valued at $58,822; and (v) the continuation of health insurance coverage for a period of 12 months, valued at approximately $33,900.

4) Amount includes (i) an aggregate severance payment of $8,886,736; (ii) immediate vesting of 279,073 RSUs subject to time-based vesting valued at $4,640,984; (iii) immediate vesting of 441,946 PSUs subject to performance-based vesting valued at $7,349,562, based on actual performance of all PSUs measured as of December 31, 2024 in connection with a termination upon a change in control; (iv) vesting of 112,740 OPRSUs that were earned as of December 31, 2024 based on actual performance, valued at $1,874,866; (v) accumulated dividends due upon the vesting of the aforementioned PSUs and OPRSUs, valued at $186,015; and (vi) the continuation of health insurance coverage for a period of 18 months, valued at approximately $50,849.

5) Amount includes (i) an aggregate severance payment of $1,200,000; (ii) immediate vesting of 14,692 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 $244,328; (iii) immediate vesting of 3,062 RSUs subject to time-based vesting (granted as an inducement award) valued at $50,921; (iv) 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; (v) accumulated dividends due upon the vesting of the aforementioned PSUs and OPRSUs, valued at $4,815; and (vi) vesting of 7,938 OPRSUs that were earned as of December