Kleiman Angela L. 4

What Happened

• Angela L. Kleiman, President and CEO of Essex Property Trust (ESS), had 481 shares of common stock withheld on Feb 18, 2026 to satisfy tax withholding related to the release of restricted stock units (RSUs). The withholding was recorded at $256.18 per share, a total value of $123,223.
• This transaction is a tax-withholding/cashless settlement of an equity award, not an open-market sale or purchase by the insider.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Price used for withholding: $256.18 per share.
• Shares withheld/disposed: 481 shares; reported value: $123,223.
• Footnote: The shares were withheld to satisfy tax withholding requirements for RSUs granted on February 18, 2025 (Footnote F1).
• Shares owned after the transaction: not specified in the provided excerpt of the filing — see the full Form 4 for post-transaction holdings.

Context

• This is a tax-withholding (code F) event tied to the vesting/release of RSUs. The company withheld shares to cover tax obligations (a common, administrative action) rather than the insider selling shares on the open market.
• Such withholding transactions reflect compensation mechanics and do not, by themselves, signal a change in insider sentiment about the company.