VERIS RESIDENTIAL, INC. STOCKHOLDERS’ EQUITY AND VERIS RESIDENTIAL, L.P.’S PARTNERS’ CAPITAL - Long-Term Incentive Plan Awards - Narrative (Details)
$ / shares in Units, $ in Millions |
1 Months Ended |
2 Months Ended |
3 Months Ended |
9 Months Ended |
12 Months Ended |
|
Apr. 30, 2022
executive
shares
|
Mar. 31, 2022
realEstateInvestmentTrust
$ / shares
shares
|
Apr. 30, 2021
installment
realEstateInvestmentTrust
shares
|
Jan. 31, 2021 |
Apr. 30, 2022
installment
|
Mar. 31, 2022
executive
$ / shares
shares
|
Sep. 30, 2022
USD ($)
|
Dec. 31, 2023
$ / shares
shares
|
Dec. 31, 2019 |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Conversion ratio |
|
|
|
|
|
|
1
|
|
|
| Time-Based Award |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Exercisable time period |
|
|
|
|
|
|
|
|
3 years
|
| Performance period |
|
|
|
|
|
|
|
|
3 years
|
| TSR percent |
|
|
|
|
|
|
|
|
36.00%
|
| TSR percentile threshold |
|
|
|
|
|
|
|
|
75.00%
|
| Total unrecognized compensation cost | $ |
|
|
|
|
|
|
$ 0.5
|
|
|
| Total unrecognized compensation cost, period of recognition |
|
|
|
|
|
|
8 months 12 days
|
|
|
| Restricted Stock Units |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Exercisable time period |
|
3 years
|
3 years
|
|
|
|
|
|
|
| Performance period |
|
3 years
|
|
|
|
|
|
|
|
| Conversion ratio |
|
|
1
|
|
1
|
|
|
|
|
| Shares granted (in shares) |
|
209,000
|
292,000
|
|
|
|
|
|
|
| Number of installments | installment |
|
|
3
|
|
3
|
|
|
|
|
| Share-based compensation arrangement by share-based payment award, vested (in shares) |
55,825
|
|
|
|
|
|
|
|
|
| Unvested stock outstanding (in shares) |
|
226,000
|
|
|
|
226,000
|
|
|
|
| Unit distribution per common share distribution, percentage |
|
10.00%
|
|
|
|
|
|
|
|
| Unit distribution per common share, accrued percentage |
|
90.00%
|
|
|
|
|
|
|
|
| Restricted Stock Units | Three Executive Officers |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Exercisable time period |
3 years
|
|
|
|
|
|
|
|
|
| Number of executives | executive |
3
|
|
|
|
|
|
|
|
|
| Shares granted (in shares) |
60,000
|
|
|
|
|
|
|
|
|
| Restricted Stock Units | Scenario One |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Performance period |
|
3 years
|
|
|
|
|
|
|
|
| TSR percent |
|
24.00%
|
|
|
|
|
|
|
|
| TSR percentile threshold |
|
55.00%
|
|
|
|
|
|
|
|
| Number of comparative peer REITs | realEstateInvestmentTrust |
|
23
|
|
|
|
|
|
|
|
| Restricted Stock Units | Scenario Two |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Performance period |
|
3 years
|
|
|
|
|
|
|
|
| TSR percent |
|
33.00%
|
|
|
|
|
|
|
|
| TSR percentile threshold |
|
75.00%
|
|
|
|
|
|
|
|
| Maximum percent of target shares |
|
160.00%
|
|
|
|
|
|
|
|
| J Series 2021 OPP | One Terminated Executive |
|
|
|
|
|
|
|
|
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Percent of estimated net asset |
|
|
|
85.00%
|
|
|
|
|
|
| Number of executives | executive |
|
|
|
|
|
1
|
|
|
|
| 2021 RSU LTIP Awards |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Performance period |
|
3 years
|
|
|
|
|
|
|
|
| 2021 RSU LTIP Awards | Time-Based Award |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Shares granted (in shares) |
|
|
453,000
|
|
|
|
|
|
|
| 2021 RSU LTIP Awards | Performance Shares |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Performance period |
|
|
3 years
|
|
|
|
|
|
|
| TSR percent |
|
|
36.00%
|
|
|
|
|
|
|
| TSR percentile threshold |
|
|
75.00%
|
|
|
|
|
|
|
| Number of comparative peer REITs | realEstateInvestmentTrust |
|
|
24
|
|
|
|
|
|
|
| Unvested LTIP |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Total unrecognized compensation cost | $ |
|
|
|
|
|
|
$ 1.2
|
|
|
| Total unrecognized compensation cost, period of recognition |
|
|
|
|
|
|
1 year 6 months
|
|
|
| Minimum | Time-Based Award |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Percent of the award |
|
|
|
|
|
|
|
|
25.00%
|
| Minimum | Restricted Stock Units |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Share price (in dollars per share) | $ / shares |
|
$ 0.40
|
|
|
|
$ 0.40
|
|
|
|
| Maximum | Time-Based Award |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Percent of the award |
|
|
|
|
|
|
|
|
100.00%
|
| Maximum | Restricted Stock Units |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Share price (in dollars per share) | $ / shares |
|
$ 0.60
|
|
|
|
$ 0.60
|
|
|
|
| Scenario, Forecast | Outperformance RSUs |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Share price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
$ 0.60
|
|
| Scenario, Forecast | Maximum | Outperformance RSUs |
|
|
|
|
|
|
|
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
|
|
|
|
|
|
|
|
| Shares granted (in shares) |
|
|
|
|
|
|
|
292,000
|
|