Form 4: EPR Properties Director Lisa Trimberger Reports Share Acquisitions and RSU Grants

EPR Properties Director Lisa G. Trimberger reported the acquisition of 6,586 common shares through RSU conversion and the grant of 5,253 new Restricted Share Units as part of her compensation.

Summary

• Lisa G. Trimberger, a Director at EPR Properties, reported multiple transactions on June 2, 2025.
• She acquired 6,586 Common Shares of Beneficial Interest through the conversion of an equal number of Restricted Share Units (RSUs).
• Following this conversion, her direct beneficial ownership of Common Shares increased to 13,219.
• She also holds 3,000 Common Shares indirectly through the John R. Trimberger Jr. Trust and Lisa G. Trimberger Trust.
• Additionally, Ms. Trimberger was granted 2,747 new Restricted Share Units as part of her prorated Annual Trustee Retainer fee.
• She received another grant of 2,506 Restricted Share Units under the Company's 2016 Equity Incentive Plan as part of the annual trustee compensation program.
• Each Restricted Share Unit represents a contingent right to receive one Common Share of Beneficial Interest.
• The newly granted RSUs, totaling 5,253, are subject to vesting on the earlier of the day preceding the first annual meeting of shareholders after the grant date or a Change of Control.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to director compensation and equity holdings, which are neutral in sentiment. There are no overtly positive or negative implications beyond standard compensation practices.

Positives

• The acquisition of 6,586 common shares by a director indicates continued alignment of interests with shareholders.
• The grant of new Restricted Share Units (5,253 total) demonstrates ongoing compensation and retention of a key board member.

Future Outlook

The vesting of the newly granted Restricted Share Units is contingent upon 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, indicating future share issuance upon vesting.

Industry Context

This Form 4 filing details routine insider transactions for a director of EPR Properties, a real estate investment trust (REIT) specializing in experiential properties. Such filings are standard disclosures for public companies and reflect individual compensation and equity holdings rather than broader industry trends.

Related Party Transactions

• Lisa G. Trimberger holds 3,000 Common Shares indirectly through the John R. Trimberger Jr. Trust and Lisa G. Trimberger Trust, which are considered related party holdings.

Stakeholder Impact

• Shareholders: The transactions reflect a director's ongoing equity ownership and compensation, aligning their interests with shareholders.
• Employees: Not directly impacted by this specific insider transaction report.

Next Steps

• Settlement and delivery of Common Shares of Beneficial Interest subject to vested Restricted Share Units will be made pursuant to instructions provided by the reporting person prior to the date of grant.
• The newly granted Restricted Share Units will vest on the earlier of the day preceding the first annual meeting of shareholders after the grant date or a Change of Control.

Key Dates

Keywords

EPR Properties, EPR, Lisa G. Trimberger, Form 4, Insider Transaction, Restricted Share Units, RSU, Common Shares, Beneficial Ownership, Director Compensation, Equity Incentive Plan, SEC Filing