Form 4: Essex Property Trust Executive Barbara Pak Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Executive Vice President & CFO Barbara Pak exercised stock options and sold shares of Essex Property Trust under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 3, 2025, Barbara Pak, Executive Vice President & CFO of Essex Property Trust, exercised stock options to acquire 6,318 shares of common stock at a price of $214.79 per share.
- Simultaneously, Ms. Pak sold 6,318 shares of common stock at a price of $314.79 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Ms. Pak directly owns 8,654 shares of Essex Property Trust common stock and 3,158 stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. 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. The use of a 10b5-1 trading plan indicates that the transactions were pre-planned and not based on any inside information.
Key Dates
| Date | Description |
|---|---|
| 12/09/2023 | 1/3 of stock options vested |
| 03/03/2025 | Date of transaction: Exercise of stock options and sale of shares |
| 03/05/2025 | Date of Form 4 filing |
| 12/09/2025 | Final 1/3 of stock options vest |
| 12/08/2031 | Expiration date of stock options |
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