McGreevy Brennan 4

What Happened
Brennan McGreevy, GVP and Chief Accounting Officer of Essex Property Trust (ESS), had 24 shares of common stock withheld to satisfy tax withholding obligations related to the release of restricted stock units (RSUs). The withholding value was 24 shares × $256.18 = $6,148. This was a tax-withholding disposition (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Withheld shares: 24 at $256.18 per share; total value $6,148.
• Shares owned after the transaction: not specified in this filing.
• Footnote: F1 — shares were withheld by the company to satisfy tax withholding on RSUs that were originally granted on February 18, 2025.
• Transaction code: F (tax withholding/cashless surrender of shares).

Context
Withholding shares to cover taxes on RSU vesting is a routine, administrative transaction and does not necessarily signal the insider’s market view. For retail investors, outright purchases or open-market sales typically provide stronger signals about insider sentiment than withholding to cover tax obligations.