Burns Rylan 4

What Happened

• Rylan Burns, EVP & Chief Investment Officer of Essex Property Trust (ESS), had 121 shares of common stock withheld by the company to satisfy tax-withholding obligations in connection with the release of restricted stock units. The withholding price was $256.18 per share, for a total value of $30,998. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-02-18
• Price per share: $256.18; Shares withheld/disposed: 121; Reported value: $30,998
• Shares owned after transaction: Not disclosed in this filing
• Footnote: The shares were withheld to satisfy tax withholding on RSUs that were granted on February 18, 2025 (see footnote F1)
• Filing date: 2026-02-20 — timely (filed within the standard reporting window)
• Transaction code: F (tax withholding)

Context

• This was a routine tax-withholding event tied to the vesting/release of previously granted restricted stock units, not a discretionary sale or purchase by the insider. Such withholdings reduce the insider’s share count but generally do not signal a change in sentiment.