Essex Property Trust (NYSE: ESS) EVP settles taxes with 178 share withholding
Rhea-AI Filing Summary
Essex Property Trust, Inc. reported a routine insider transaction by its EVP & Chief Investment Officer. On 12/09/2025, 178 shares of common stock were withheld by the company at a price of $252.2 per share to cover tax obligations tied to the release of restricted stock units originally granted on December 9, 2022. After this tax withholding, the executive directly holds 2,433 shares of Essex Property Trust common stock. This type of transaction reflects administrative tax settlement rather than an open-market share sale.
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FAQ
What insider transaction did Essex Property Trust (ESS) report?
Essex Property Trust reported that its EVP & Chief Investment Officer had 178 shares of common stock withheld on 12/09/2025 to satisfy tax obligations related to the release of previously granted restricted stock units.
Who is the reporting person in this Essex Property Trust (ESS) Form 4?
The reporting person is an Executive Vice President & Chief Investment Officer of Essex Property Trust, Inc., who is considered an officer and insider of the company.
How many Essex Property Trust (ESS) shares does the executive own after this transaction?
Following the tax withholding of 178 shares, the executive directly beneficially owns 2,433 shares of Essex Property Trust common stock.
Was this Essex Property Trust (ESS) insider transaction an open-market sale?
No. The filing states that the 178 shares represent stock withheld by the company to satisfy tax withholding requirements in connection with the release of restricted stock units, rather than an open-market sale.
What equity award triggered the tax withholding for the Essex Property Trust (ESS) executive?
The tax withholding was connected to the release of restricted stock units that were originally granted on December 9, 2022, which generated a taxable event when they vested or were released.
What is the reported price per share for the Essex Property Trust (ESS) withholding transaction?
The Form 4 reports a price of $252.2 per share for the 178 shares of common stock withheld to cover tax obligations.