Form 4: EPRT CEO Mavoides Increases Stake via RSU Vesting

Essential Properties Realty Trust CEO Peter M. Mavoides acquired 1,258 shares of common stock through the vesting of performance-based restricted stock units, increasing his direct beneficial ownership to 421,893 shares.

Summary

• Peter M. Mavoides, President and CEO of Essential Properties Realty Trust, Inc. (EPRT), acquired 1,258 shares of common stock.
• The acquisition occurred on January 14, 2026, at a price of $0 per share.
• This transaction represents an adjustment to performance-based Restricted Stock Units (RSUs) granted in 2022, which vested on December 31, 2025.
• The vesting was in connection with the payment of quarterly dividends to stockholders for the fourth quarter of 2025, pursuant to the terms and conditions of the underlying award agreement.
• Following this transaction, Mr. Mavoides directly beneficially owns 421,893 shares of EPRT common stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by the CEO, even through RSU vesting, is generally a positive signal as it increases insider ownership and aligns management's interests with shareholders. The vesting implies performance targets were met.

Positives

• Increased insider ownership by a key executive (President and CEO), aligning management interests with shareholders.
• The vesting of performance-based RSUs suggests that performance targets, likely tied to the company's success, were met.
• The acquisition at $0 price indicates a non-cash transaction, typically related to compensation, which is a common and expected part of executive compensation structures.

Negatives

• The acquisition was not an open market purchase, which would typically signal a stronger conviction in the stock's immediate future performance.

Future Outlook

NA

Industry Context

Insider transactions, particularly the vesting of performance-based equity awards, are common in the REIT sector as a component of executive compensation. Such transactions generally indicate alignment between management and shareholder interests, especially when performance targets are met, leading to the vesting of shares.

Stakeholder Impact

• Shareholders: Increased alignment of interests with the CEO, as his personal stake in the company grows.
• Employees: May view the vesting of performance-based awards as a positive sign of company performance and a functioning compensation structure.

Key Dates

Recommendation

While the increase in CEO Peter M. Mavoides's beneficial ownership through RSU vesting is a positive indicator of management alignment and likely achievement of performance targets, it is a routine compensation event rather than a direct open-market purchase. This transaction alone does not provide a strong enough catalyst for a 'buy' recommendation, but it reinforces a 'hold' position given the positive signal of insider ownership.

Keywords

Essential Properties Realty Trust, EPRT, Peter M. Mavoides, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, CEO, Director, Beneficial Ownership, Real Estate Investment Trust, REIT