Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 61

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 61
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 CHOSEN?

Responsibility and leadership in ESG and Cybersecurity matters are not only core values of our Company, but also of importance to our investors and the communities in which we operate. Improving upon our ESG performance helps us retain employees, manage operating costs, attract premium tenants and enhance portfolio value. The ESG objectives were aligned with the sustainability metrics provided in our senior secured term loan and revolving credit facility which provide for a reduction in the applicable interest rate. Similarly, improving our cybersecurity environment, protects our residents, employees and corporate information.

The Compensation Committee identified (and the Board ratified) 2-ESG-related and 1-cybersecurity objectives. Achievement of 2 of the 3 objectives equated to Target performance , with a range of 1 of 3 equating to Threshold, and 3 of 3 equating to Maximum performance. The table below lists each objective and the Company’s final achievement relative to each.

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| OBJECTIVE                                                                                           |     | GOAL      
 ACHIEVED? |     |   |     |   |
| 72% of the consolidated portfolio (by unit) to be Green Certified (LEED, Energy Star > 85 or other) |     |           |     | ✓ |     |   |
| 13% reduction in the same store downstream lease asset emissions                                    |     |           |     | ✓ |     |   |
| Cybersecurity rating under the NIST framework of above 2                                            |     |           |     |   |     | ✓ |

WHAT WERE THE ACTUAL RESULTS?

We achieved 3 of the 3 ESG & Cybersecurity objectives in 2024 , resulting in Maximum performance.

#### OBJECTIVE 6: INDIVIDUAL PERFORMANCE ASSESSMENT
The Compen sation Committee further determined (and the Board ratified) that achievement of each Mr. Nia's individual performance objectives were to be scored at a level of "4.5". Mr. Nia recommended to the Compensation Committee and the Compensation Committee determined (and the Board ratified) the achievement of each of the other executive officers as follows: Ms. Lombard - 4; Mr. Turkanis - 3; Ms. Malhari - 4.5; and Ms. Fielder - 3. In so determining, the Compensation Committee considered how each individual executive performed and contributed to the Company’s go-forward strategy, as evidenced by the following achievements in fiscal 2024 (in