Essex (ESS) director Marcus awarded 1,117 RSUs, now holds 223,042 shares directly
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MARCUS GEORGE M reported acquisition or exercise transactions in this Form 4 filing.
ESSEX PROPERTY TRUST, INC. director George M. Marcus received a grant of 1,117 restricted stock units representing common stock at no cost. These units will be fully vested as of May 12, 2027 and cannot be transferred for one year from the grant date. After this award, Marcus directly holds 223,042 common shares, in addition to indirect holdings of 4,000 shares held by family and 155,000 shares held by Marcus & Millichap Inc. and affiliates.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
MARCUS GEORGE M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,117 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 223,042 shares (Direct, null);
Common Stock — 155,000 shares (Indirect, By Marcus & Millichap Inc. and affiliates)
Footnotes (1)
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Key Figures
RSU grant: 1,117 shares
Grant price: $0.0000 per share
Direct holdings after grant: 223,042 shares
+3 more
6 metrics
RSU grant
1,117 shares
Restricted stock units granted May 12, 2026
Grant price
$0.0000 per share
Price for RSU award
Direct holdings after grant
223,042 shares
Common stock directly owned after transaction
Family indirect holdings
4,000 shares
Common stock held indirectly by family
Marcus & Millichap indirect holdings
155,000 shares
Common stock held by Marcus & Millichap Inc. and affiliates
Vesting date
May 12, 2027
Date RSUs become fully vested
Key Terms
restricted stock units, indirect, grant, award, or other acquisition, By Marcus & Millichap Inc. and affiliates
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.
indirect financial
"total_shares_following_transaction 4000.0000, direct_or_indirect I, nature_of_ownership By family"
grant, award, or other acquisition financial
"transaction_code_description Grant, award, or other acquisition"
By Marcus & Millichap Inc. and affiliates financial
"nature_of_ownership By Marcus & Millichap Inc. and affiliates"
FAQ
What insider transaction did ESS director George M. Marcus report?
George M. Marcus reported receiving 1,117 restricted stock units in Essex Property Trust common stock as a grant. The award was made at no cash cost per share and increases his overall equity-based compensation position in the company.
When do George M. Marcus’s new ESS restricted stock units vest?
The 1,117 restricted stock units granted to George M. Marcus will be fully vested as of May 12, 2027. This means the units must be held until that date before they become fully owned and free of vesting conditions.
Are there transfer restrictions on the new ESS restricted stock units?
Yes. The restricted stock units are subject to transfer restrictions for one year following the May 12, 2026 grant date. During this one-year period, they cannot be transferred, adding an additional holding requirement beyond the vesting schedule.
What indirect ESS holdings are associated with George M. Marcus?
Indirectly, 4,000 ESS shares are held by family, and 155,000 shares are held by Marcus & Millichap Inc. and affiliates. These positions are reported as indirect ownership interests separate from Marcus’s directly held shares.