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Essex Property Trust Executive Compensation (FY25)

ESS · San Mateo, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Angela Kleiman
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 14, 2026
16 filings cited on this page
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284 figures on this page: 273 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Essex Property Trust

Five data products on this company. Each one is requested through the developer setup page.
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.
Which companies are in Essex Property Trust's peer group?
Companies named in the disclosed peer group include American Homes 4 Rent, AvalonBay Communities, Inc., Camden Property Trust, Equity LifeStyle Properties, Inc. and Equity Residential, among others.
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
◇—◇—◇—◇— not reconciled
Anne Morrison
Chief Administrative Officer, General Counsel and Executive Vice President
◇—◇—◇—◇◇
Rylan Burns
Chief Investment Officer and Executive Vice President
◇—◇—◇—◇— not reconciled
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 KleimanPSU◇◇◇—◇—◇
Angela KleimanPSU◇◇◇—◇—◇
Angela KleimanPSU◇◇◇—◇—◇
Angela KleimanRSU◇——◇——◇
Anne MorrisonPSU◇◇◇—◇—◇
Anne MorrisonPSU◇◇◇—◇—◇
Anne MorrisonPSU◇◇◇—◇—◇
Anne MorrisonRSU◇——◇——◇
Barb PakPSU◇◇◇—◇—◇
Barb PakPSU◇◇◇—◇—◇
Barb PakPSU◇◇◇—◇—◇
Barb PakRSU◇——◇——◇
Rylan BurnsPSU◇◇◇—◇—◇
Rylan BurnsPSU◇◇◇—◇—◇
Rylan BurnsPSU◇◇◇—◇—◇
Rylan BurnsRSU◇——◇——◇
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
Angela KleimanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Barb PakRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Anne MorrisonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Rylan BurnsRSU◇◇——
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.

Severance and change in control

The terms as written in the agreements.
Angela Kleiman
Chief Executive Officer and President
Change-in-control trigger◇
Excise tax treatment◇
Clawback◇
Barb Pak
Chief Financial Officer and Executive Vice President
Excise tax treatment◇
Rylan Burns
Chief Investment Officer and Executive Vice President
Change-in-control trigger◇
Excise tax treatment◇
Clawback◇

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
◇◇————◇
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.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Homes 4 Rent AMH
  • AvalonBay Communities, Inc. AVB
  • Camden Property Trust CPT
  • Equity LifeStyle Properties, Inc. ELS
  • Equity Residential EQR
  • Extra Space Storage Inc. EXR
  • Healthpeak Properties, Inc. DOC
  • Invitation Homes Inc. INVH
  • Mid-America Apartment Communities, Inc. MAA
  • Public Storage PSA
  • Realty Income Corporation O
  • Regency Centers Corporation REG
  • Sun Communities, Inc. SUI
  • UDR, Inc. UDR

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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Sample answer — “What is the CEO’s total compensation?”
- Angela Kleiman (Chief Executive Officer and President), FY2025 total compensation $10,096,804 (base salary $944,520) [exec_comp, SEC accession 0000920522-26-000011, filed 2026-03-27]

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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.
Peer benchmarking
Where Essex Property Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
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 — $499
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.
284 figures on this page: 273 cited to the filing that reported them, 11 calculated from figures it prints.
273 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001140361-26-021353
    40,309 3,988,720 18,852 (iii) The results of the advisory vote to approve named executive officer compensation as disclosed in the Proxy were as follows: For Against Abstentions Broker Non-Votes
  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
    57,505 3,871,192 43,663 (iii) The results of the advisory vote to approve named executive officer compensation as disclosed in the Proxy were as follows: For Against Abstentions Broker Non-Votes
  4. 0001558370-25-003997
    SUMMARY COMPENSATION TABLE · Summary Compensation Table
  5. 0000920522-25-000024
  6. 0001140361-24-026502
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001140361-24-016195
    Summary Compensation Table
  8. 0001140361-23-024179
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001140361-22-018831
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001140361-21-017243
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001140361-20-011627
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001140361-19-009270
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001140361-18-024200
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001567619-17-001064
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001567619-16-002429
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001140361-23-013531
    Summary Compensation Table
Cite this data
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).
Short form: data: Velarion

The paid brief for Essex Property Trust

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings

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

Peers Essex Property Trust discloses

The companies named in ESS's own disclosed peer group.

American Homes 4 RentAvalonBay Communities, Inc.Camden Property TrustEquity LifeStyle Properties, Inc.Equity ResidentialExtra Space Storage Inc.Healthpeak Properties, Inc.Invitation Homes Inc.Mid-America Apartment Communities, Inc.Public StorageRealty Income CorporationRegency Centers CorporationSun Communities, Inc.UDR, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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