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

Peter M. Mavoides, President and CEO of Essential Properties Realty Trust, sold 27,817 shares of common stock at an average price of $32.77 on October 3, 2024, under a pre-arranged trading plan.

Summary

• Peter M. Mavoides, the President and CEO of Essential Properties Realty Trust, sold 27,817 shares of common stock on October 3, 2024.
• The sale was executed at a weighted average price of $32.77 per share.
• The shares were sold in multiple transactions with prices ranging from $32.57 to $33.03.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on March 14, 2024.
• Following the transaction, Mavoides directly owns 418,259 shares of Essential Properties Realty Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

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 could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates concerns about insider information.

Key Dates