Form 4: EPRT CFO Sells Shares for Tax Obligation

Essential Properties Realty Trust's Executive VP and CFO, Robert Webb Salisbury, disposed of 3,210 shares of common stock to cover tax liabilities.

Summary

• Robert Webb Salisbury, Executive VP and CFO of Essential Properties Realty Trust, Inc. (EPRT), reported a transaction involving the company's common stock.
• On January 20, 2026, Salisbury disposed of 3,210 shares of common stock.
• The shares were disposed of at a price of $30.83 per share.
• This transaction was coded as 'F', indicating the payment of an exercise price or tax liability by delivering or withholding securities.
• Following this transaction, Salisbury directly beneficially owns 14,161 shares of common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-arranged sale.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary sale of shares to cover tax obligations, often associated with the vesting of equity awards. This is a common occurrence for executives and does not typically indicate a change in management's outlook on the company.

Industry Context

This Form 4 filing details a routine insider transaction for an executive of a Real Estate Investment Trust (REIT). Such tax-related sales are common for executives receiving equity compensation and do not typically reflect broader industry trends or specific company performance relative to competitors.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, non-discretionary sale by an insider, executed under a pre-arranged plan, and does not signal a change in company fundamentals or management's confidence.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax liabilities, executed under a pre-arranged 10b5-1 plan. Such transactions do not typically reflect management's sentiment about the company's future performance and therefore do not warrant a change in investment recommendation based solely on this filing. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

Essential Properties Realty Trust, EPRT, Robert Webb Salisbury, CFO, Insider Transaction, Form 4, Stock Sale, Tax Liability, 10b5-1 Plan, REIT