Burns Rylan 4

What Happened

Rylan Burns, EVP & Chief Investment Officer of Essex Property Trust (ESS), had 80 shares of common stock withheld by the company to satisfy tax-withholding obligations related to the release of restricted stock units. The withheld shares were valued at $258.06 each, for a total of $20,645, with the transaction dated February 6, 2026. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: February 6, 2026
• Transaction type/code: Tax withholding to satisfy tax liability (Code F)
• Shares withheld/disposed: 80 shares at $258.06 per share — total value $20,645
• Footnote: Withholding relates to RSUs granted on February 8, 2024 (per footnote F1)
• Shares owned after transaction: Not reported on this Form 4
• Filing date/timeliness: Form 4 filed Feb 10, 2026 — filed within the required two-business-day window

Context

This was a routine tax-withholding event tied to the vesting/release of restricted stock units; the company withheld shares rather than Burns selling shares on the open market. Such withholdings are common and primarily administrative, and do not necessarily indicate a change in the insider’s view of the company.