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Essex Property Trust Executive Compensation (FY25)

ESS · San Mateo, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 14, 2026
278 figures on this page: 267 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
The fiscal 2025 disclosure covers 4 named executive officers, and Angela Kleiman was paid $10,096,804 in total compensation as Chief Executive Officer and President for fiscal 2025, while Kleiman's total moved 23.2% higher from the $8,196,283 reported for fiscal 2024, and for fiscal 2025, the company reported a chief executive pay ratio of 89.2:1, against median employee compensation of $113,049. Shareholders supported the say-on-pay proposal with 93.8% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
Chief executive, fiscal 2025
◇
Angela Kleiman
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Angela Kleiman: $8,196,283 → $10,096,804 (23.2% higher)
Say-on-pay support: 93.0% → 93.8% (0.8 points higher)
CEO pay ratio: 83.8:1 → 89.2:1 (6.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Essex Property Trust's chief executive and what were they paid?
Angela Kleiman was paid $10,096,804 in total compensation as Chief Executive Officer and President for fiscal 2025. Kleiman's total moved 23.2% higher from the $8,196,283 reported for fiscal 2024.
What was Essex Property Trust's say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.8% of votes cast for or against in favor at the meeting held May 12, 2026 for fiscal 2025.
What is Essex Property Trust's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 89.2:1, against median employee compensation of $113,049.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Kleiman
President
◇—◇◇◇—◇◇
Michael Schall
President & CEO
◇—◇◇◇—◇◇
Barb Pak
EVP
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Kleiman
Chief Executive Officer and President
◇———◇—◇◇
Michael Schall
Former Chief Executive Officer and President
Departed during or after this year
◇———◇—◇◇
Barb Pak
Chief Financial Officer and Executive Vice President
◇———◇—◇◇
Adam Berry
Former Chief Investment Officer and Executive Vice President
Departed during or after this year
◇—————◇◇
Anne Morrison
Chief Administrative Officer, General Counsel and Executive Vice President
◇———◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Kleiman
Chief Executive Officer and President
◇—◇—◇—◇◇
Barb Pak
Chief Financial Officer and Executive Vice President
◇—◇—◇—◇◇
Anne Morrison
Chief Administrative Officer, General Counsel and Executive Vice President
◇—◇—◇—◇◇
Rylan Burns
Chief Investment Officer and Executive Vice President
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Angela Kleiman
Chief Executive Officer and President
◇—◇—◇—◇◇
Barb Pak
Chief Financial Officer and Executive Vice President
◇—◇—◇—◇◇
Rylan Burns
Chief Investment Officer and Executive Vice President
◇—◇—◇—◇◇
Anne Morrison
Chief Administrative Officer, General Counsel and Executive Vice President
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Angela KleimanRSU◇——◇——◇
Angela KleimanPSU◇— withheld◇—◇—◇
Angela KleimanPSU◇◇◇—◇—◇
Angela KleimanPSU◇◇◇—◇—◇
Anne MorrisonPSU◇◇◇—◇—◇
Anne MorrisonPSU◇◇◇—◇—◇
Anne MorrisonRSU◇——◇——◇
Anne MorrisonPSU◇— withheld◇—◇—◇
Barb PakPSU◇◇◇—◇—◇
Barb PakRSU◇——◇——◇
Barb PakPSU◇— withheld◇—◇—◇
Barb PakPSU◇◇◇—◇—◇
Rylan BurnsPSU◇— withheld◇—◇—◇
Rylan BurnsPSU◇◇◇—◇—◇
Rylan BurnsRSU◇——◇——◇
Rylan BurnsPSU◇◇◇—◇—◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Rylan BurnsRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Anne MorrisonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Barb PakRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Angela KleimanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
George M. Marcus
Board chair
◇◇————◇
Irving F. Lyons, III
Lead independent director
◇◇————◇
Irving F. Lyons III
Lead independent director
◇◇————◇
Mary Kasaris
◇◇————◇
Amal M. Johnson
◇◇————◇
Maria R. Hawthorne
◇◇————◇
John V. Arabia
◇◇————◇
Anne B. Gust
◇◇————◇
Keith R. Guericke
◇◇————◇
Angela L. Kleiman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 9, 2023=◇◇◇
2021May 10, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 15, 2018=◇◇◇
2016May 16, 2017=◇◇◇
2015May 17, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Essex Property Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
278 figures on this page: 267 cited to the filing that reported them, 11 calculated from figures it prints.
267 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001140361-26-021353
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000920522-26-000011
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards for 202 · Outstanding Equity Awards at December 31 · and 1 more section
  3. 0001140361-25-019327
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001558370-25-003997
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  5. 0001140361-24-026502
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-016195
    Summary Compensation Table
  7. 0001140361-23-024179
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-22-018831
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001140361-21-017243
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001140361-20-011627
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001140361-19-009270
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001140361-18-024200
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001567619-17-001064
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001567619-16-002429
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001140361-23-013531
    Summary Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “Essex Property Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ESS (accessed 2026).
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy