HAWTHORNE MARIA R 4

What Happened

• Maria R. Hawthorne, a director of Essex Property Trust (ESS), received an award of 633 restricted stock units (RSUs) reported as an "A" (award/grant) transaction on May 12, 2026. The units were reported at $0.00 per share on acquisition (typical for RSU grants).
• These RSUs will fully vest on May 12, 2027 and are subject to transfer restrictions for one year following the grant date. This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-12; Form 4 filed: 2026-05-14 (within the standard two-business-day filing window).
• Security: 633 restricted stock units (RSUs); reported acquisition price: $0.00 per share.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: RSUs fully vest on 2027-05-12 and cannot be transferred for one year after the grant.
• Transaction code: A = Award/Grant.

Context

• RSUs are a common form of director/executive compensation that convert to actual shares (or cash tied to share value) upon vesting; they do not represent an immediate cash purchase or sale.
• Such awards are often routine and part of long-term incentive pay—while informative about pay structure, they shouldn't be read as a direct bullish or bearish trading signal.