Form 4: Essential Properties Realty Trust CEO Peter Mavoides Sells Shares Under 10b5-1 Trading Plan

Peter Mavoides, President and CEO of Essential Properties Realty Trust, sold 12,712 shares of common stock at an average price of $28.03 on July 5, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On July 5, 2024, Peter M. Mavoides, the President and CEO of Essential Properties Realty Trust, Inc. (EPRT), sold 12,712 shares of the company's common stock.
• The sale was executed at a weighted average price of $28.03 per share.
• The transactions occurred within a price range of $28.00 to $28.08.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2024.
• Following the transaction, Mavoides directly owns 500,552 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. The sale was conducted under a pre-arranged trading plan, suggesting it was not based on any material non-public information. Therefore, the sentiment is neutral.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that the sale was executed under a 10b5-1 trading plan suggests that the sale was pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but the pre-planned nature of the sale mitigates concerns about insider information.

Key Dates