Form 4: Essex Property Trust Director Amal M. Johnson Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Amal M. Johnson exercised stock options and sold shares of Essex Property Trust under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 17, 2024, Amal M. Johnson, a director of Essex Property Trust, Inc., executed a transaction involving the company's common stock.
- Johnson exercised stock options to acquire 7,298 shares at a price of $216.31 per share.
- Simultaneously, Johnson sold 7,298 shares at $316.31 per share.
- Following these transactions, Johnson directly owns 2,585 shares of common stock and indirectly owns 500 shares through a trust.
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing plan.
Industry Context
This filing is a routine disclosure of insider transactions. The use of a 10b5-1 plan suggests the transactions were pre-planned to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date stock options were exercisable |
| 09/17/2024 | Date of stock option exercise and share sale |
| 05/09/2033 | Expiration date of stock options |
| 09/19/2024 | Date of Form 4 filing |
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