McGreevy Brennan 4

What Happened
Brennan McGreevy, GVP and Chief Accounting Officer of Essex Property Trust (ESS), had 60 shares withheld by the company to satisfy tax withholding related to the release of restricted stock units. The shares are reported as disposed at $258.06 per share, for a total value of $15,484. This was not an open-market sale or purchase but a routine share-withholding to cover tax obligations on RSU vesting.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-10 (appears timely under the two-business-day Form 4 rule).
• Price: $258.06 per share; Shares withheld/disposed: 60; Total value: $15,484.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Shares were withheld to satisfy tax withholding requirements in connection with RSUs granted on February 8, 2024.
• Transaction code: F (tax withholding via share disposal), not a market sale (S) or purchase (P).

Context
Share withholding to cover taxes on RSU vesting is a common administrative action and generally does not convey a positive or negative view of the company by the insider. It reduces the insider’s share count only to the extent necessary for tax obligations and is different from an intentional cash sale or open-market transaction.