Form 4: EPR Properties Director Virginia E. Shanks Reports Changes in Beneficial Ownership

Virginia E. Shanks, a director of EPR Properties, reported the acquisition and disposal of common shares and restricted share units on May 29, 2024.

Summary

• On May 29, 2024, Virginia E. Shanks, a director of EPR Properties, filed a Form 4 to report changes in beneficial ownership.
• The transactions included the acquisition of 5,714 common shares of beneficial interest.
• Shanks also disposed of 5,714 common shares.
• Additionally, Shanks acquired 3,626 and 3,142 restricted share units, and now holds 6,344, 9,970 and 13,112 restricted share units respectively.
• These restricted share units represent a contingent right to receive one share of the company's common shares of beneficial interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Positives

• The acquisition of restricted share units could be seen as a positive sign, indicating the director's continued alignment with the company's long-term success.

Future Outlook

The vesting date for the Restricted Share Units is the earlier of (a) the close of business on the day preceding the first annual meeting of shareholders after the date of grant, or (b) a Change of Control (as defined in the 2016 Equity Incentive Plan).

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to EPR Properties and its director.

Stakeholder Impact

• The transactions reported may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates