Form 4: Essex Property Trust Executive Anne Morrison Reports Tax-Related Stock Transaction

Anne Morrison, EVP, CAO & General Counsel of Essex Property Trust, reports the withholding of 81 common stock shares to cover tax obligations related to the release of restricted stock units.

Summary

• On February 7, 2025, Anne Morrison, EVP, CAO & General Counsel of Essex Property Trust, had 81 shares of common stock withheld by the company.
• This withholding was to satisfy tax obligations related to the release of restricted stock units granted on February 8, 2024.
• Following the transaction, Morrison directly owns 2,744 shares of Essex Property Trust common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment. The executive still holds a significant amount of stock.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade in their company's stock. This filing indicates a routine transaction related to tax obligations from vested equity.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax-related stock withholding.

Key Dates

Keywords

Form 4, Essex Property Trust, Anne Morrison, Stock Withholding, Restricted Stock Units, Tax Obligations, Beneficial Ownership