Form 4: Essex Property Trust Director Thomas E. Robinson Executes Stock Option and Sells Shares
SEC Form 4 Filing
Director Thomas E. Robinson exercised stock options and sold shares of Essex Property Trust, Inc. on March 11, 2024.
Summary
- On March 11, 2024, Thomas E. Robinson, a director of Essex Property Trust, Inc., executed a stock option to purchase 2,781 shares of common stock at a price of $172.89 per share.
- Simultaneously, Robinson sold 2,781 shares of common stock at a weighted average price of $243.92, with prices ranging from $243.85 to $244.14.
- Following these transactions, Robinson directly owns 3,654 shares of Essex Property Trust, Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions can be influenced by various factors, including personal financial planning and company performance.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 04/28/2015 | Original date of stock option grant. |
| 03/11/2024 | Date of stock option exercise and share sale. |
| 04/28/2024 | Expiration date of stock option. |
| 03/13/2024 | Date of signature on the Form 4 filing. |
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