Morrison Anne

EVP Anne Morrison sold 2,571 shares of Essex Property Trust at $314.79 on 2025-03-03 for $809,325.09, reducing holdings by 43.1%.

Anne Morrison, EVP, CAO & General Counsel, executed a substantial sale of 2,571 shares at $314.79, reducing her direct holdings from 5,960 to 3,389 shares—a 43.1% reduction in a single transaction. The sale occurred near the company's 52-week high of $315.15, with the stock at $308.22 post-transaction. Morrison's cross-ticker track record shows 1 prior sell well-timed at the 90-day mark with an average 90-day return of -4.8%, and her sole prior ESS transaction (a September 2024 sale) similarly exhibited -4.8% 90-day performance. This current sale follows a pattern of her prior trading activity at this ticker, though the magnitude (43.1% portfolio reduction) represents a more substantial disposition than typical portfolio adjustments. Investors should monitor whether this signals a shift in her confidence in the company's near-term prospects or reflects personal capital reallocation, particularly given the timing near all-time highs.

EVP/General Counsel Anne Morrison sold 2,571 shares (2.6K) of Essex Property Trust (ESS) at $314.79, reducing holdings 52.6% to 2,321 shares.

Anne Morrison, Executive Vice President, Chief Administrative Officer & General Counsel, sold 2,571 shares (2.6K shares) at $314.79 on 2024-09-16 for $809,325.09 ($809.3K), reducing her post-transaction holdings to 2,321 shares (2.3K shares). This represents a substantial 52.6% reduction in her stated holdings. The sale occurred near the stock's 52-week high of $315.15, with the current price at $312.24 and recent momentum of +9.4% over 30 days and +11.5% over 90 days. No disclosure flags or prior transaction history are provided to contextualize the motivation or pattern. Investors should note that a senior corporate counsel divested a majority of her holdings at elevated valuations while the company maintains a P/E of 36.60 on $442.4M quarterly revenue.