Form 4: Essex Property Trust Executive Vice President & CFO Reports Stock Transaction

Barbara Pak, Executive Vice President & CFO of Essex Property Trust, reports a transaction involving the withholding of shares to cover tax obligations related to the release of restricted stock units.

Summary

• On February 7, 2025, Barbara Pak, the Executive Vice President & CFO of Essex Property Trust, had 212 shares of common stock withheld by the company to satisfy tax withholding requirements.
• This action was related to the release of restricted stock units granted on February 8, 2024.
• The price per share for the transaction was $292.14.
• Following the transaction, Pak directly owns 7,441 shares of Essex Property Trust common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to tax withholding on vested stock, so it has a neutral sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a standard tax withholding procedure.

Key Dates

Keywords

Essex Property Trust, Barbara Pak, Executive Vice President, CFO, Stock Transaction, Form 4, Restricted Stock Units, Tax Withholding, Beneficial Ownership