Form 4: Essential Properties Realty Trust CEO Peter Mavoides Adjusts RSU Holdings Due to Dividend Payment
SEC Form 4 Filing
Peter M. Mavoides, President and CEO of Essential Properties Realty Trust, reports an adjustment to performance-based RSUs due to dividend payments.
Summary
- On July 12, 2024, Peter M. Mavoides, the President and CEO of Essential Properties Realty Trust, reported a change in beneficial ownership of company stock.
- The change involves an adjustment of 1,158 shares to performance-based Restricted Stock Units (RSUs) granted in 2021.
- This adjustment is due to the payment of quarterly dividends to stockholders for the second quarter of 2024, as per the terms of the RSU award agreement.
- Following the reported transaction, Mavoides directly owns 501,710 shares of Essential Properties Realty Trust common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an adjustment of RSU holdings due to dividend payments, indicating a neutral sentiment.
Future Outlook
The performance-based RSUs granted in 2021 will vest on December 31, 2024, subject to the terms and conditions of the underlying award agreement.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The adjustment to RSU holdings has a minor impact on shareholders as it is related to dividend payments.
Key Dates
| Date | Description |
|---|---|
| 07/12/2024 | Date of transaction: Adjustment to shares subject to performance-based RSUs. |
| 12/31/2024 | Vesting date of the performance-based RSUs granted in 2021. |
| 07/15/2024 | Date of report filing. |
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