Kleiman Angela L. 4

What Happened
Angela L. Kleiman, President and CEO of Essex Property Trust (ESS), had 473 shares withheld by the company to satisfy tax withholding related to the release of restricted stock units. The withholding is reported as a disposition at $258.06 per share, representing roughly $122,062 in value. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-06; Report filed: 2026-02-10 (filed within the two-business-day Form 4 deadline).
• Price per share: $258.06; Shares withheld/disposed: 473; Reported value: ~$122,062.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Withheld shares satisfied tax withholding on RSUs granted on February 8, 2024 (footnote F1).
• Transaction code: F (tax withholding/cashless settlement of restricted stock units).

Context
Withholding shares to cover taxes on vesting awards is a routine administrative action and does not indicate a discretionary sale by the insider. This differs from an open-market sale (which can signal liquidity needs or portfolio rebalancing) and from a purchase (which some investors view as a bullish signal).