Tax-withholding share disposition by Essex (ESS) officer Brennan McGreevy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ESSEX PROPERTY TRUST, INC. officer Brennan McGreevy reported a small tax-related share disposition. On the release of previously granted restricted stock units, 24 shares of common stock were withheld by the company at $256.18 per share to satisfy tax withholding obligations. After this withholding transaction, McGreevy directly holds 715 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McGreevy Brennan
Role
GVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 24 | $256.18 | $6K |
Holdings After Transaction:
Common Stock — 715 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ESS officer Brennan McGreevy report on this Form 4?
Brennan McGreevy reported a small tax-related disposition of Essex Property Trust common stock. The company withheld 24 shares to cover tax obligations tied to restricted stock units that vested, rather than an open-market sale, leaving him with 715 directly owned shares.
Was Brennan McGreevy’s ESS Form 4 transaction an open-market stock sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Essex Property Trust withheld 24 shares when restricted stock units vested, using those shares to satisfy McGreevy’s tax liability instead of selling on the open market.
What does transaction code F mean in the ESS Form 4 for Brennan McGreevy?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, Essex Property Trust withheld 24 common shares from Brennan McGreevy when restricted stock units released, applying those shares toward required tax withholding.