Form 4: Essential Properties Realty Trust CEO Peter Mavoides Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Peter Mavoides, President and CEO of Essential Properties Realty Trust, sold 27,817 shares of common stock on August 5, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On August 5, 2024, Peter M. Mavoides, the President and CEO of Essential Properties Realty Trust, Inc. (EPRT), sold 27,817 shares of common stock.
- The sale was executed at a weighted average price of $28.03 per share, with individual transactions ranging from $27.83 to $28.33.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on March 14, 2024.
- Following the transaction, Mavoides directly owns 473,893 shares of EPRT common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The sale was executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on market perception of insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2021-11-04 | Date of Power of Attorney filing. |
| 2024-03-14 | Date of adoption of Rule 10b5-1 trading plan. |
| 2024-08-05 | Date of stock sale transaction. |
| 2024-08-07 | Date of signature of the Form 4 filing. |
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