Angela L. Kleiman - Dec 11, 2024 Form 4 Insider Report for ESSEX PROPERTY TRUST, INC. (ESS)

Role
President and CEO
Signature
/s/ Brennan McGreevy, Attorney in Fact
Stock symbol
ESS
Transactions as of
Dec 11, 2024
Transactions value $
$0
Form type
4
Date filed
12/13/2024, 07:33 PM
Previous filing
Dec 12, 2024

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 LTIP Units Conversion of derivative security $0 -3.83K -100% $0.00 0 Dec 11, 2024 Common Stock 3.83K Direct F1, F2
transaction ESS Operating Partnership Units Conversion of derivative security +3.83K +51.08% 11.3K Dec 11, 2024 Common Stock 3.83K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents long-term incentive plan units ("LTIP Units") in Essex Portfolio, L.P ("EPLP").
F2 Represents the conversion of vested LTIP units, which were granted on December 9, 2014, into EPLP operating partnership units on a one for one basis. The right to convert LTIP units into EPLP operating partnership units does not have an expiration date. EPLP operating partnership units are exchangeable by the Reporting Person at any time for an equal number of shares of the Issuer's common stock. EPLP operating partnership units have no expiration date.