Form 4: EPRT Exec Jenkins Boosts Stake with RSU Adjustment
Insider Transaction Report
Essential Properties Realty Trust Executive VP and COO Robert M. Jenkins acquired 91 shares of common stock as an adjustment to performance-based RSUs.
Summary
- Robert M. Jenkins, Executive VP and COO of Essential Properties Realty Trust, Inc. (EPRT), acquired 91 shares of common stock.
- The transaction occurred on October 14, 2025, and was an acquisition (A) of securities.
- The shares were acquired at a price of $0, indicating they were part of a compensation or grant mechanism.
- Following this transaction, Robert M. Jenkins beneficially owns 35,458 shares of common stock.
- The acquisition represents an adjustment to performance-based Restricted Stock Units (RSUs) granted in 2022.
- These RSUs are scheduled to vest on December 31, 2025, and are connected to the payment of quarterly dividends for the third quarter of 2025, as per the underlying award agreement.
Sentiment
Score: 6
Explanation: Slightly positive due to increased insider ownership and alignment, though the transaction size is small and part of a routine compensation adjustment.
Positives
- Increased insider ownership, aligning management interests with those of shareholders.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged and transparent trading strategy.
Future Outlook
The acquired shares, part of performance-based RSUs, are scheduled to vest on December 31, 2025, contingent on the terms of the underlying award agreement related to quarterly dividends for the third quarter of 2025.
Industry Context
This filing is an insider transaction report, which is specific to individual executive stock ownership and compensation, rather than broader industry trends. It reflects a standard equity compensation adjustment within the real estate investment trust (REIT) sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Disclosure | Transaction made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy. | 10/14/2025 | Enhances transparency and provides an affirmative defense against insider trading allegations for the reporting person, reflecting good governance practices. |
Stakeholder Impact
- Shareholders: Minor positive impact due to increased alignment of executive interests with shareholder value through greater equity ownership.
- Employees: Reflects the ongoing executive compensation structure, potentially influencing morale and retention for key personnel.
Next Steps
- Vesting of the performance-based RSUs on December 31, 2025.
Key Dates
| Date | Description |
|---|---|
| 2022 | Original grant date of performance-based RSUs. |
| 10/14/2025 | Date of transaction for the acquisition of 91 common shares. |
| 10/15/2025 | Signature date of the reporting person's attorney-in-fact. |
| 12/31/2025 | Vesting date for the performance-based RSUs. |
Keywords
Essential Properties Realty Trust, EPRT, Robert M Jenkins, Insider Trading, Form 4, RSU, Restricted Stock Units, Equity Compensation, Real Estate, REIT
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