Form 4: Essex Property Trust Director Lyons Exercises Options and Sells Shares
SEC Form 4 Filing
Director Irving F. Lyons III exercised stock options and sold shares of Essex Property Trust on February 28, 2024.
Summary
- On February 28, 2024, Irving F. Lyons III, a director of Essex Property Trust, exercised stock options to acquire 2,781 shares of common stock at a price of $172.89 per share.
- Simultaneously, Lyons sold 2,083 shares of common stock at a price of $230.9 per share.
- Following these transactions, Lyons directly owns 8,570 shares of Essex Property Trust common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reflecting routine transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 04/28/2015 | Date stock options were granted. |
| 02/28/2024 | Date of stock option exercise and share sale. |
| 04/28/2024 | Expiration date of the stock options. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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