Director Keith Guerricke receives ESS (NYSE: ESS) restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GUERICKE KEITH R reported acquisition or exercise transactions in this Form 4 filing.
Essex Property Trust director Keith R. Guerricke received an equity award of 633 shares of Common Stock in the form of restricted stock units. The units were granted at no cash cost and will fully vest as of May 12, 2027. After this grant, Guerricke directly holds 17,357 shares of Essex Property Trust common stock. The granted units are also subject to restrictions on transfer for one year following the grant date, meaning they cannot be freely transferred during that period even after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GUERICKE KEITH R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 633 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,357 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 633 shares
Grant price: $0.0000 per share
Shares held after grant: 17,357 shares
+2 more
5 metrics
Restricted stock units granted
633 shares
Equity award to director Keith R. Guerricke
Grant price
$0.0000 per share
Reported transaction price for RSU grant
Shares held after grant
17,357 shares
Guerricke’s direct common stock holdings post-transaction
Vesting date
May 12, 2027
Date RSUs become fully vested
Transfer restriction period
1 year
Restrictions on transfer following grant date
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock, 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"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
restrictions on transfer financial
"are subject to restrictions on transfer for the one-year period"
FAQ
What did Keith R. Guerricke acquire in this Essex Property Trust (ESS) Form 4?
Keith R. Guerricke received an award of 633 restricted stock units of Essex Property Trust Common Stock. The grant was recorded at no cash cost, reflecting compensation rather than an open‑market purchase, and increased his direct holdings to 17,357 shares after the transaction.
When do Keith R. Guerricke’s Essex Property Trust restricted stock units vest?
The 633 restricted stock units granted to Keith R. Guerricke will be fully vested as of May 12, 2027. Vesting means the units become earned equity at that date, although they still face a separate one‑year transfer restriction following the grant date.
Are there transfer restrictions on Keith R. Guerricke’s new ESS restricted stock units?
Yes. The filing states that the restricted stock units are subject to transfer restrictions for one year following the date of grant. This means Guerricke cannot transfer these units during that initial one‑year period, even though they will fully vest on May 12, 2027.
Was Keith R. Guerricke’s ESS transaction an open‑market buy or a compensation grant?
The transaction was a compensation grant, not an open‑market purchase. It is coded as a grant, award, or other acquisition, with a reported price of $0.0000 per share, indicating the shares were awarded as equity compensation rather than bought in the market.