Form 4: Essential Properties Realty Trust CEO Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Peter M. Mavoides, President and CEO of Essential Properties Realty Trust, sold shares of common stock on July 1st and 3rd, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Peter M. Mavoides, the President and CEO of Essential Properties Realty Trust, sold shares of the company's common stock on July 1, 2024, and July 3, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on March 14, 2024.
- On July 1, 2024, 20,863 shares were sold at a weighted average price of $27.54, with individual prices ranging from $27.36 to $27.68.
- On July 3, 2024, 1,200 shares were sold at a weighted average price of $28.00, with individual prices ranging from $28.00 to $28.01.
- Following these transactions, Mavoides directly owns 513,264 shares of Essential Properties Realty Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by executives are a normal part of compensation and portfolio management. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| March 14, 2024 | Date the Rule 10b5-1 trading plan was adopted by the Reporting Person |
| July 01, 2024 | Date of the first reported transaction: sale of 20,863 shares |
| July 03, 2024 | Date of the second reported transaction: sale of 1,200 shares |
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