Form 4: Essential Properties Realty Trust CEO Peter Mavoides Reports RSU Adjustment

Essential Properties Realty Trust, Inc. CEO and Director Peter M. Mavoides reported an acquisition of 1,139 shares of common stock through an adjustment to performance-based Restricted Stock Units (RSUs).

Summary

• Peter M. Mavoides, President and CEO, and Director of Essential Properties Realty Trust, Inc. (EPRT), reported a change in beneficial ownership.
• On July 14, 2025, Mr. Mavoides acquired 1,139 shares of common stock.
• This acquisition represents an adjustment to performance-based RSUs granted in 2022.
• The acquired shares will vest on December 31, 2025, in connection with the payment of quarterly dividends for the second quarter of 2025, as per the underlying award agreement.
• Following this transaction, Mr. Mavoides beneficially owns 419,406 shares of common stock.

Sentiment

Score: 6

Explanation: Slightly positive due to increased insider alignment, but largely neutral as it's a routine RSU adjustment rather than a direct market purchase.

Positives

• The increase in share count for the CEO, even through RSU adjustment, aligns management's interests further with shareholders.

Future Outlook

The acquired shares, stemming from performance-based RSUs granted in 2022, are scheduled to vest on December 31, 2025.

Industry Context

This filing is a routine insider transaction report, common across all industries, reflecting compensation adjustments for executives. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: The transaction slightly increases the CEO's beneficial ownership, potentially enhancing alignment between management and shareholder interests.

Next Steps

• The 1,139 shares acquired will vest on December 31, 2025.

Key Dates

Keywords

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