Company: VRE
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000924901-25-000035
Chunk: 101

Company: Veris Residential, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 101
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 as of January 1, 1999 (the “Directors’ Deferred Compensation Plan”), each non-employee director is entitled to defer all or a specified portion of the annual fee to be paid to such director. The account of a director who elects to defer such compensation under the Directors’ Deferred Compensation Plan is credited with the hypothetical number of stock units, calculated to the nearest thousandths of a unit, determined by dividing the amount of cash compensation deferred on the quarterly deferral date by the closing market price of the Common Stock on such quarterly deferral date. Any stock dividend declared by the Company on Common Stock results in a proportionate increase in units in the director’s account as if such director held shares of Common Stock equal to the number of units in such director’s account. Payment of a director’s account may only be made in a lump sum in shares of Common Stock equal to the number of units in a director’s account after either the director’s service on the Board of Directors has terminated or there has been a change in control of the Company. In 2024, Frederic Cumenal, Nori Gerardo Lietz, A. Akiva Katz and Victor MacFarlane elected to receive a portion of their respective cash fees earned for service as a director in 2024 in the form of deferred stock units under the Directors’ Deferred Compensation Plan.

DIRECTORS’ STOCK INCENTIVE PLAN

The Company has one equity compensation plan pursuant to which equity compensation awards to non-employee members of the Board of Directors may be made, namely the 2024 Plan. On June 26, 2024, each then-serving non-employee member of the Board of Directors was granted shares of restricted Common Stock with an approximate grant-date fair value of $130,000 under the 2024 Plan. These restricted shares will vest on June 11, 2025.

For fiscal year 2024, the Company’s non-employee directors received directors’ fees or fee equivalents (see “ Compensation of Directors — Directors’ Deferred Compensation Plan ” above) in the amounts set forth in the table below.

2024 DIRECTOR COMPENSATION

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| NAME                    |     | FEES EARNED ORPAID IN CASH($)(1) |     |         |     | STOCKAWARDS($)(2) |     |         |     | TOTAL 
 ($)   |     |         |
| Tammy K. Jones, Chair   |     |                                  |     |