Veris Residential, Inc. Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Veris Residential, Inc. has filed its Definitive Proxy Statement (DEF 14A) detailing executive compensation and corporate governance matters.</b>

AI Summary

Veris Residential, Inc. (VRE) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Veris Residential, Inc. filed a DEF 14A form on April 29, 2024. The filing covers the period ending June 12, 2024. The company's principal executive offices are located at Harborside 3, 210 Hudson St., Ste. 400, Jersey City, NJ 07311. The company was formerly known as Mack Cali Realty Corp, Cali Realty Corp /New/, and Cali Realty L P. The filing includes executive compensation data for Mahbod Nia and MaryAnne Gilmartin for the fiscal years 2020-2023.

Why It Matters

For investors and stakeholders tracking Veris Residential, Inc., this filing contains several important signals. This filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions at the upcoming annual meeting. The DEF 14A provides transparency into the company's governance practices and the compensation awarded to its top executives, which can impact investor confidence and stock performance.

Risk Assessment

Risk Level: low — Veris Residential, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard disclosure requirements rather than immediate financial distress or significant operational changes.

Analyst Insight

Shareholders should review the executive compensation details and any proposed resolutions to make informed voting decisions.

Executive Compensation

Key Numbers

• 2024-04-29 — Filing Date (DEF 14A filing date)
• 2024-06-12 — Period of Report (Conformed period of report)
• 2023-12-31 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• Veris Residential, Inc. (company) — Filer name
• 2024-04-29 (date) — Filing date
• 2024-06-12 (date) — Period of report
• Jersey City, NJ (location) — Business address city and state
• Mack Cali Realty Corp (company) — Former company name
• Mahbod Nia (person) — Executive compensation subject
• MaryAnne Gilmartin (person) — Executive compensation subject

FAQ

Industry Context

Veris Residential, Inc. operates as a real estate investment trust (REIT).

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing for companies soliciting proxies from shareholders for annual or special meetings.

What Investors Should Do

1. Review executive compensation packages for named executive officers.
2. Analyze proposals to be voted on at the shareholder meeting.
3. Assess the company's corporate governance practices outlined in the filing.

Key Dates

• 2024-04-29: Filing Date — Definitive Proxy Statement (DEF 14A) filed.
• 2024-06-12: Period of Report — The period covered by the proxy statement.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. No direct comparison to a previous filing's financial performance is available within this document.

Key Financial Figures

• $0.01 — f the Company's common stock, par value $0.01 per share (the "Common Stock"). The Com
• $20,000 — will pay Innisfree a fee not to exceed $20,000, plus out-of-pocket expenses, for such

Filing Documents

• vre-20240429.htm (DEF 14A) — 1375KB
• vre-20240429_g1.jpg (GRAPHIC) — 18KB
• vre-20240429_g10.jpg (GRAPHIC) — 160KB
• vre-20240429_g11.jpg (GRAPHIC) — 15KB
• vre-20240429_g12.jpg (GRAPHIC) — 130KB
• vre-20240429_g13.jpg (GRAPHIC) — 104KB
• vre-20240429_g2.jpg (GRAPHIC) — 11KB
• vre-20240429_g3.jpg (GRAPHIC) — 12KB
• vre-20240429_g4.jpg (GRAPHIC) — 12KB
• vre-20240429_g5.jpg (GRAPHIC) — 146KB
• vre-20240429_g6.jpg (GRAPHIC) — 50KB
• vre-20240429_g7.jpg (GRAPHIC) — 51KB
• vre-20240429_g8.jpg (GRAPHIC) — 196KB
• vre-20240429_g9.jpg (GRAPHIC) — 194KB
• 0000924901-24-000031.txt (&nbsp;) — 4782KB
• vre-20240429.xsd (EX-101.SCH) — 3KB
• vre-20240429_def.xml (EX-101.DEF) — 3KB
• vre-20240429_lab.xml (EX-101.LAB) — 3KB
• vre-20240429_pre.xml (EX-101.PRE) — 2KB
• vre-20240429_htm.xml (XML) — 153KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 45 GRANTS OF PLAN-BASED AWARDS 46 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 46 OPTION EXERCISES AND STOCK VESTED 47 PENSION BENEFITS 47 NON-QUALIFIED DEFERRED COMPENSATION 47 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL 48 CEO PAY RATIO 50 PAY VERSUS PERFORMANCE 50 EQUITY COMPENSATION PLAN INFORMATION 54 COMPENSATION OF DIRECTORS 54 PROPOSAL NO. 2 NON-BINDING ADVISORY VOTE ON EXECUTIVE COMPENSATION 56 PROPOSAL NO. 3 VOTE ON A PROPOSAL TO AMEND THE COMPANY'S 2013 INCENTIVE STOCK PLAN 56 PROPOSAL NO. 4 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 64 Pre-Approval Policies and Procedures 65 Audit Fees 65 Audit-Related Fees 65 Tax Fees 65 All Other Fees 65 Vote Required and Board of Directors' Recommendation 66 SUBMISSION OF STOCKHOLDER PROPOSALS 66 ANNUAL REPORT ON FORM 10-K 66 OTHER MATTERS 66 ANNEX A - VERIS RESIDENTIAL, INC. 2024 INCENTIVE STOCK PLAN 68 ii Table of Contents VERIS RESIDENTIAL, INC. HARBORSIDE 3, 210 HUDSON STREET, STE. 400 JERSEY CITY, NEW JERSEY 07311 Proxy Statement for Annual Meeting of Stockholders to be held on Wednesday, June 12, 2024 INFORMATION ABOUT THE ANNUAL MEETING GENERAL INFORMATION This Proxy Statement is furnished to stockholders of Veris Residential, Inc., a Maryland corporation (the "Company"), in connection with the solicitation by the Board of Directors of the Company (the "Board of Directors") of proxies in the accompanying form for use in voting at the Annual Meeting of Stockholders of the Company to be held solely by remote communication, in a virtual-only format on Wednesday, June 12, 2024 at 10:00 a.m., Eastern Time (the "Annual Meeting"), and any postponement or adjournment thereof. Our Proxy Statement and 2023 Annual Report are available on our website at https://investors.verisresidential.com/sec-filings or www.proxyvote.com. PURPOSES OF THE ANNUAL MEETING The purposes

View Full Filing

View this DEF 14A filing on SEC EDGAR