Form 4: EPR SVP Grace Reports Equity Awards, Tax Withholding

EPR Properties' SVP of Human Resources and Administration, Elizabeth Grace, reported recent equity transactions including the acquisition of bonus and long-term incentive shares, alongside disposals for tax obligations and a trust transfer.

Summary

• Elizabeth Grace, SVP Human Resources & Admin at EPR Properties, reported several transactions on January 2, 2026.
• Grace disposed of 5,858 common shares at $49.9 per share to satisfy tax withholding obligations related to equity award vesting.
• She transferred 6,749 common shares to the Elizabeth Grace Revocable Trust, with the trust subsequently acquiring these shares.
• Grace acquired 7,623 common shares as a cash bonus substitute, which will vest in three annual installments starting January 1, 2027.
• She also received 5,082 common shares as long-term incentive compensation, vesting in four annual installments beginning January 1, 2027.
• Following these transactions, Grace directly holds 27,116 common shares and indirectly holds 26,627 common shares through her revocable trust.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. While there was a disposal of shares for tax purposes, this is a routine event. The acquisition of new shares as bonus and long-term incentive compensation aligns management's interests with shareholders and indicates continued commitment to the company's future performance. The transfer to a trust is a neutral personal financial planning event.

Positives

• Elizabeth Grace received 7,623 common shares as a bonus, aligning her interests with shareholders.
• Grace was granted 5,082 common shares as long-term incentive compensation, demonstrating continued commitment and future alignment with company performance.

Negatives

• Grace disposed of 5,858 common shares to cover tax withholding obligations, reducing her direct beneficial ownership.

Future Outlook

The filing indicates future vesting schedules for equity awards, aligning management incentives with long-term company performance through January 2030.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded companies, reflecting compensation practices and personal financial planning for executives. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The granting of equity awards to a senior executive aligns management's long-term interests with shareholder value creation.
• Employees: Reflects standard executive compensation practices, potentially influencing broader compensation strategies.

Next Steps

• Vesting of 7,623 bonus shares in three annual installments, commencing January 1, 2027.
• Vesting of 5,082 long-term incentive shares in four annual installments, commencing January 1, 2027.

Key Dates

Keywords

EPR Properties, Elizabeth Grace, SVP Human Resources, Insider Trading, Form 4, Equity Awards, Stock Vesting, Long-Term Incentive, Tax Withholding, Beneficial Ownership