Veris Residential Inc – (VRE, +N, October 13th)
Mahbod Nia (CEO since 2021, joined in 2020) purchased $996,000 of stock at $11.51 on October 11th, increasing his holding by 39%. This is a notable size for a first purchase especially since he had already met the CEO’s ownership requirement before this trade. He did not make any purchases in Northstar Realty Europe Corp, the REIT where he was previously CEO (2015-2019).
On the same day, A Katz (Non-Executive since 2020) purchased $8 million of stock at $11.34, increasing his holding by 17%. The purchase was indirect, on behalf of Bow Street LLC of which he is a co-founder and a managing partner. He has been timely on his first series of purchases between March and June 2021 and this is interesting to see him continuing to buy in an equally large size.
We are ranking the stock +N.