Director at Essex Property (NYSE: ESS) receives 633 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HAWTHORNE MARIA R reported acquisition or exercise transactions in this Form 4 filing.
Essex Property Trust director Maria R. Hawthorne received an equity award of 633 shares of common stock at no cash cost to her. The award represents restricted stock units that will be fully vested as of May 12, 2027 and cannot be transferred for one year after the grant date. Following this grant, she directly holds 3,711 shares, reflecting a routine compensation-related increase in her ownership rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAWTHORNE MARIA R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 633 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,711 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 633 shares
Transaction price: $0.0000 per share
Holdings after grant: 3,711 shares
+2 more
5 metrics
Shares granted
633 shares
Compensation award of common stock
Transaction price
$0.0000 per share
Grant, award, or other acquisition
Holdings after grant
3,711 shares
Direct ownership following transaction
Vesting date
May 12, 2027
Restricted stock units fully vest as of this date
Transfer restriction period
One year after grant date
Units subject to transfer limits for one year
Key Terms
restricted stock units, Grant, award, or other acquisition, direct ownership, restrictions on transfer
4 terms
restricted stock units financial
"Represents restricted stock units that will be fully vested as of May 12, 2027"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
direct ownership financial
"total_shares_following_transaction ... direct_or_indirect: D (direct ownership)"
restrictions on transfer financial
"subject to restrictions on transfer for the one-year period following the date of grant"
FAQ
What did ESS director Maria R. Hawthorne report in this Form 4?
Maria R. Hawthorne reported receiving an award of 633 shares of Essex Property Trust common stock. These are restricted stock units granted as compensation, rather than an open-market purchase, and increase her direct holdings to 3,711 shares after the transaction.
When do Maria R. Hawthorne’s 633 ESS restricted stock units vest?
The 633 restricted stock units granted to Maria R. Hawthorne will be fully vested as of May 12, 2027. Until vesting, they remain subject to service and award conditions detailed in the grant, as described in the Form 4 footnote.
Are there transfer restrictions on the new ESS restricted stock units?
Yes. The footnote states the restricted stock units are subject to restrictions on transfer for the one-year period following the grant date. This means Hawthorne generally cannot transfer the award during that first year after receiving it.