Essex Property Trust (NYSE: ESS) CEO details RSU share vesting

Rhea-AI Filing Summary

Essex Property Trust, Inc. reported that its President and CEO acquired 23,974 shares of common stock on 12/12/2025 at $0.00 per share when previously granted restricted stock units vested after meeting performance goals. Following this vesting, the CEO directly beneficially owned 37,636 shares.

On the same date, the company withheld 12,176 shares at $257.62 per share to satisfy tax withholding obligations related to the release of these units, leaving the CEO with 25,460 shares of common stock owned directly. The restricted stock units were originally granted on 12/09/2022 and became earned based on the company’s relative total shareholder return measured against an industry index through 12/08/2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kleiman Angela L.

(Last) (First) (Middle)

C/O ESSEX PROPERTY TRUST, INC.

1100 PARK PLACE, SUITE 200

(Street)

SAN MATEO CA 94403

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ESSEX PROPERTY TRUST, INC. [ ESS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/12/2025		A		23,974(1)	A	$0	37,636	D
Common Stock	12/12/2025		F		12,176(2)	D	$257.62	25,460	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. As determined on December 12, 2025, this amount represents all the restricted stock units originally granted on December 9, 2022 that are now earned following the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against industry-specific index through December 8, 2025.

2. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the release of restricted stock units that were granted on December 9, 2022.

Remarks:

	/s/ Brennan McGreevy, Attorney in Fact	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider stock transaction did Essex Property Trust (ESS) report?

The President and CEO of Essex Property Trust, Inc. acquired 23,974 shares of common stock on 12/12/2025 at $0.00 per share when performance-based restricted stock units vested.

How many Essex Property Trust (ESS) shares does the CEO own after these transactions?

After the vesting and related tax withholding, the President and CEO directly beneficially owned 25,460 shares of Essex Property Trust common stock.

Why were 12,176 Essex Property Trust (ESS) shares withheld at $257.62?

The company withheld 12,176 shares of common stock at $257.62 per share to satisfy tax withholding requirements connected to the release of the vested restricted stock units.

When were the restricted stock units originally granted to the Essex Property Trust (ESS) CEO?

The restricted stock units that vested on 12/12/2025 were originally granted on 12/09/2022 to the President and CEO of Essex Property Trust.

What performance criteria determined the Essex Property Trust (ESS) CEO’s RSU vesting?

The 23,974 restricted stock units became earned after the company achieved certain performance criteria based on its relative total return to shareholders measured against an industry-specific index through 12/08/2025.

Did the Essex Property Trust (ESS) CEO buy shares on the open market?

No. The shares reported were received at $0.00 per share from vesting of previously granted restricted stock units, rather than from open-market purchases.