Form 4: EPR Director Suarez Reports Share Transactions

EPR Properties Director John Peter Suarez reported the vesting of restricted share units and a transfer of common shares to a family trust.

Summary

• John Peter Suarez, a Director of EPR Properties, reported changes in his beneficial ownership.
• On January 26, 2026, 1,564 Restricted Share Units (RSUs) vested and were converted into Common Shares of Beneficial Interest. These RSUs were issued to Mr. Suarez as part of his prorated Annual Trustee Retainer fee.
• Concurrently, Mr. Suarez transferred 1,564 Common Shares of Beneficial Interest to The Suarez Family Trust Dated February 13, 2015, which then beneficially acquired these shares.
• Following these transactions, Mr. Suarez directly owns 4,530 Restricted Share Units and indirectly owns 1,564 Common Shares through the family trust.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction report, reflecting compensation and personal asset management, with no inherently positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of Restricted Share Units indicates compensation for the director's service.
• The transfer of shares to a family trust suggests long-term planning for asset management by a director.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the vesting conditions of the Restricted Share Units.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership, common in all publicly traded companies. It reflects a director's compensation structure and personal asset management rather than broader industry trends.

Related Party Transactions

• The transfer of 1,564 Common Shares of Beneficial Interest to The Suarez Family Trust Dated February 13, 2015, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minor dilution from RSU vesting (already accounted for in compensation plans), but the transfer to a trust indicates a director's continued long-term interest in the company's equity.
• Employees: No direct impact.

Next Steps

• The remaining 4,530 Restricted Share Units held directly by Mr. Suarez are subject to vesting conditions, which include the earlier of the close of business on the day preceding the first annual meeting of shareholders after the grant date, or a Change of Control.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to director compensation and personal asset management. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and do not indicate any significant positive or negative catalysts for the stock price.

Keywords

EPR Properties, John Peter Suarez, Form 4, Insider Trading, Beneficial Ownership, Restricted Share Units, Trust Transfer, Director Compensation