Essex Property Trust (ESS) CFO discloses RSU vesting and share withholding
Rhea-AI Filing Summary
Essex Property Trust, Inc.'s Executive Vice President & CFO reported changes in personal ownership of the company’s common stock. On December 12, 2025, the officer acquired 8,144 shares of common stock at $0 per share, reflecting performance-based restricted stock units granted on December 9, 2022 that became earned after meeting relative total shareholder return goals through December 8, 2025.
On the same date, 4,138 shares were withheld by the company at a price of $257.62 per share to cover tax obligations tied to that vesting. After these transactions, the officer directly beneficially owned 12,660 shares of Essex Property Trust common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,144 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,138 | $257.62 | $1.07M |
Footnotes (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. 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.
FAQ
What insider stock transactions did Essex Property Trust (ESS) report for its CFO?
The Executive Vice President & CFO of Essex Property Trust (ESS) reported acquiring 8,144 shares of common stock on December 12, 2025 from performance-based restricted stock units that vested.
What performance criteria triggered the vesting of Essex Property Trust (ESS) restricted stock units?
The 8,144 shares reflect restricted stock units originally granted on December 9, 2022 that became earned after the company achieved specified performance criteria based on its relative total return to shareholders versus an industry-specific index through December 8, 2025.
Was this Essex Property Trust (ESS) insider transaction a market purchase or sale?
The executive’s 8,144-share acquisition was from the vesting of performance-based restricted stock units at $0 per share, and the 4,138-share disposition was due to share withholding for taxes, not an open-market trade.