Michael J. Schall - Mar 29, 2022 Form 4 Insider Report for ESSEX PROPERTY TRUST, INC. (ESS)

Role
President and CEO
Signature
/s/ John Farias, Attorney in Fact
Stock symbol
ESS
Transactions as of
Mar 29, 2022
Transactions value $
-$1,219,145
Form type
4
Date filed
3/30/2022, 06:48 PM
Previous filing
Jan 24, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESS Common Stock Options Exercise $3.02M +12.1K +25.14% $248.70 60.4K Mar 29, 2022 Direct F1, F2
transaction ESS Common Stock Sale -$4.24M -12.1K -20.09% $349.19 48.3K Mar 29, 2022 Direct F1, F3
holding ESS Common Stock 3.13K Mar 29, 2022 Held by spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESS Stock Option (Right to Purchase) Options Exercise $0 -12.1K -100% $0.00* 0 Mar 29, 2022 Common Stock 12.1K $248.70 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions report in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Under the terms of the stock options, the maximum value that the reporting person could receive is $100 per share. Accordingly, the value in excess of such amount, $0.49 per share, was remitted to the issuer by the reporting person in addition to the exercise price of $248.70.
F3 Represents the weighted average sale price for the number of shares sold. The actual sales prices range between $348.98 and $349.31. Detailed information on the exact number of shares sold at each sale price can be obtained from the issuer upon request