Form 4: EPR Properties EVP Mark Alan Peterson Reports Share Transactions

Mark Alan Peterson, EVP & Chief Financial Officer of EPR Properties, reports acquisition and disposal of common shares, including shares issued in lieu of cash bonus and for long-term incentive compensation.

Summary

• Mark Alan Peterson, EVP & Chief Financial Officer of EPR Properties, filed a Form 4 detailing changes in beneficial ownership.
• On February 26, 2024, Peterson acquired 27,650 common shares in lieu of a cash bonus, vesting in three annual installments starting January 1, 2025.
• He also acquired 9,504 common shares as long-term incentive compensation, vesting in four annual installments beginning January 1, 2025.
• Additionally, 52,384 common shares were issued to Peterson pursuant to the 2021 Performance Share Plan on the same date.
• 23,651 shares were assigned to the company to cover tax withholding obligations related to the equity awards at a price of $42.87.
• On February 27, 2024, Peterson transferred 28,733 shares to a trust, Jill J. Peterson Rev. Trust, where Jill J. Peterson and Mark A. Peterson are trustees.
• Following these transactions, Peterson directly owns 109,325 shares and indirectly owns 163,464 shares through the trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions reflect standard compensation practices and insider confidence, but the tax withholding event is a minor negative.

Positives

• The acquisition of shares in lieu of cash bonus and as long-term incentive compensation suggests confidence in the company's future performance.

Negatives

• The assignment of shares to cover tax withholding obligations indicates a taxable event, which could be viewed as a minor negative.

Risks

• The vesting schedules for the acquired shares could influence the executive's decisions over the vesting period.

Future Outlook

The vesting schedules for the acquired shares suggest a long-term commitment by the executive to the company's success.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining investor confidence in the real estate industry.

Comparison to Industry Standards

• Monitoring executive compensation and share ownership is a common practice in the REIT industry, similar to companies like Simon Property Group and Public Storage.
• Vesting schedules are a standard tool used to align executive interests with long-term shareholder value, comparable to practices at other publicly traded REITs.

Related Party Transactions

• The transfer of shares to the Jill J. Peterson Rev. Trust constitutes a related party transaction.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates