<SEC-DOCUMENT>0000920522-19-000035.txt : 20190606
<SEC-HEADER>0000920522-19-000035.hdr.sgml : 20190606
<ACCEPTANCE-DATETIME>20190606174651
ACCESSION NUMBER:		0000920522-19-000035
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190606
FILED AS OF DATE:		20190606
DATE AS OF CHANGE:		20190606

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Berry Adam W
		CENTRAL INDEX KEY:			0001767246

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13106
		FILM NUMBER:		19883590

	MAIL ADDRESS:	
		STREET 1:		C/O ESSEX PROPERTY TRUST, INC.
		STREET 2:		1100 PARK PLACE, SUITE 200
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ESSEX PROPERTY TRUST, INC.
		CENTRAL INDEX KEY:			0000920522
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				770369576
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1100 PARK PLACE
		STREET 2:		SUITE 200
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403
		BUSINESS PHONE:		6506557800

	MAIL ADDRESS:	
		STREET 1:		1100 PARK PLACE
		STREET 2:		SUITE 200
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESSEX PORTFOLIO LP
		DATE OF NAME CHANGE:	20181211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ESSEX PROPERTY TRUST INC
		DATE OF NAME CHANGE:	19940318
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>wf-form3_155985759488345.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2019-06-06</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000920522</issuerCik>
        <issuerName>ESSEX PROPERTY TRUST, INC.</issuerName>
        <issuerTradingSymbol>ESS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001767246</rptOwnerCik>
            <rptOwnerName>Berry Adam W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ESSEX PROPERTY TRUST</rptOwnerStreet1>
            <rptOwnerStreet2>1100 PARK PLACE, SUITE 200</rptOwnerStreet2>
            <rptOwnerCity>SAN MATEO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94403</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Co-Chief Investment Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2597</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (Right to Purchase)</value>
                <footnoteId id="F5"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>219.22</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2017-12-08</value>
            </exerciseDate>
            <expirationDate>
                <value>2026-12-08</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>14053.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (Right to Purchase)</value>
                <footnoteId id="F6"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>240.61</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2018-12-07</value>
            </exerciseDate>
            <expirationDate>
                <value>2027-12-07</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>11985.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option (Right to Purchase)</value>
                <footnoteId id="F7"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>265.68</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2019-12-06</value>
            </exerciseDate>
            <expirationDate>
                <value>2028-12-06</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10005.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Operating Partnership Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F8"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F8"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F8"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>5000.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series Z-1 Incentive Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.0</value>
                <footnoteId id="F9"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F9"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F9"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Operating Partnership Units</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4000.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>LTIP Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F11"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F10"/>
                <footnoteId id="F11"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F11"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>7331.0</value>
                    <footnoteId id="F10"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 953 restricted stock units that are fully vested as of the grant date of December 8, 2016 but are subject to restrictions on transfer for the three-year period following the date of grant. In accordance with the applicable reporting requirements, the foregoing excludes 952 restricted stock units also granted on December 8, 2016 that may be earned subject to achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 8, 2019.</footnote>
        <footnote id="F2">Includes 299 restricted stock units that are fully vested as of the grant date of December 7, 2017 but are subject to restrictions on transfer for the three-year period following the date of grant. In accordance with the applicable reporting requirements, the foregoing excludes 698 restricted stock units also granted on December 7, 2017 that may be earned subject to achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 7, 2020.</footnote>
        <footnote id="F3">Includes 158 restricted stock units granted on December 7, 2017 that vest on December 7, 2020, subject to continued employment through such date. In accordance with the applicable reporting requirements, the foregoing excludes 369 restricted stock units also granted on December 7, 2017 that are scheduled to vest on December 7, 2020, subject to continued employment through such date and the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 7, 2020.</footnote>
        <footnote id="F4">Includes 299 restricted stock units that vested 100% on December 31, 2018 and are subject to restrictions on transfer for the three-year period following the grant date of December 7, 2017. In accordance with the applicable reporting requirements, the foregoing excludes 698 eligible restricted stock units also granted on December 7, 2017 that may be earned subject to achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against an industry-specific index through December 7, 2020.</footnote>
        <footnote id="F5">1/3 of these options vested on each of December 8, 2017 and December 8, 2018, and the remaining 1/3 will vest on December 8, 2019. Stock options are subject to a $100 cap upon exercise.</footnote>
        <footnote id="F6">1/3 of these options vested on December 7, 2018, and 1/3 on each anniversary thereafter ending on December 7, 2020. Stock options are subject to a $100 cap upon exercise.</footnote>
        <footnote id="F7">1/3 of these options will vest on each anniversary starting on December 6, 2019 and ending on December 6, 2021. Stock options are subject to a $100 cap upon exercise.</footnote>
        <footnote id="F8">Operating Partnership limited partnership units (&quot;OP Units&quot;) of Essex Portfolio, L.P. (&quot;EPLP&quot;) were immediately exercisable upon issuance. OP Units may be exchanged for an equal number of shares of the Issuer's common stock on any date and have no expiration date.</footnote>
        <footnote id="F9">Represents the grant of Series Z-1 Incentive Units of EPLP on December 6, 2011 in return for a capital contribution of $1 per unit. As of the filing date of this Form 3, the conversion ratchet percentage was 94%. The conversion ratchet percentage may increase up to 14% each year if certain defined criteria are met. These Z-1 Units generally will be convertible into OP Units at the earliest of a change in control or after the entire 2011 grant reaches a 100% conversion ratchet percentage. OP Units may be exchanged for an equal number of shares of the Issuer's common stock on any date and have no expiration date.</footnote>
        <footnote id="F10">Includes an aggregate 4,458 LTIP Units that were granted on December 10, 2013 and December 9, 2014 that were earned and fully vested as of the filing date of this Form 3. Also includes 2,873 LTIP Units granted on December 9, 2014 that were earned on December 9, 2015 based on the achievement of certain performance criteria based on the Issuer's relative total return to shareholders measured against industry-specific indices through December 9, 2015. 20% of these 2,873 LTIP Units vested on each of the first four anniversaries of the grant date, starting on December 9, 2015, and the remaining 20% will vest on December 9, 2019, subject to continued employment through such date.</footnote>
        <footnote id="F11">LTIP Units are generally not convertible into an equal number of OP Units without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into OP Units does not have expiration dates. OP Units may be exchanged for an equal number of shares of the Issuer's common stock on any date and have no expiration date.</footnote>
    </footnotes>

    <remarks>Ex. 24 - Power of Attorney - Adam W. Berry</remarks>

    <ownerSignature>
        <signatureName>/s/ John Farias, Attorney in Fact</signatureName>
        <signatureDate>2019-06-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex-24.htm
<DESCRIPTION>POWER OF ATTORNEY - ADAM W. BERRY
<TEXT>
<!-- Document created using Workiva -->
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<pre>
POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and appoints each of Angela L. Kleiman, Daniel J. Rosenberg, and John Farias, signing singly, the undersigned's true and lawful attorney-in-fact to:

(1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer and/or director of Essex Property Trust, Inc. (the "Company"), Forms 3, 4 and 5 and amendments thereto in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

(2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and amendments thereto and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

(3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. This Power of Attorney may be filed with the United States Securities and Exchange Commission as a confirming statement of the authority granted herein.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of June 6, 2019.

/s/ Adam W. Berry
Signature

Adam W. Berry
Print Name
</pre>
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