Form 4: Essex Property CAO Sells Shares for Tax Withholding

Brennan McGreevy, GVP and CAO of Essex Property Trust, Inc., disposed of 28 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Brennan McGreevy, Group Vice President and Chief Accounting Officer (GVP and CAO) of Essex Property Trust, Inc. (ESS), reported a transaction.
• On December 9, 2025, McGreevy disposed of 28 shares of common stock.
• The shares were disposed of at a price of $252.2 per share.
• This transaction was for the purpose of satisfying tax withholding requirements.
• The tax withholding was in connection with the release of restricted stock units (RSUs) that were granted on December 9, 2022.
• Following this transaction, McGreevy beneficially owns 799 shares of common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a neutral event, representing a routine tax withholding related to executive compensation. It does not indicate a change in company fundamentals or executive sentiment towards the company's future.

Positives

• The transaction is a standard tax withholding event, indicating the vesting of previously granted restricted stock units, which is a form of compensation for the executive.

Negatives

• None directly from this transaction, as it is a routine tax-related disposition.

Future Outlook

The filing does not provide any forward-looking statements or guidance beyond the reported transaction date.

Industry Context

This filing reports a routine insider transaction related to executive compensation, which is common across all industries, including the Real Estate Investment Trust (REIT) sector. It does not provide broader industry insights.

Stakeholder Impact

• Shareholders: Minimal impact, as it is a small, routine transaction by an officer for tax purposes, not indicative of a change in investment thesis.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Key Dates

Keywords

Essex Property Trust, ESS, Brennan McGreevy, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Officer Compensation, Real Estate Investment Trust