Form 4: Essential Properties Realty Trust CFO Receives RSU Dividend Adjustment
Insider Transaction Report
Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, Inc., reported an acquisition of 199 shares of common stock as an adjustment to performance-based Restricted Stock Units.
Summary
- Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, Inc. (EPRT), reported a change in beneficial ownership.
- On July 14, 2025, Patten acquired 199 shares of EPRT common stock.
- The acquisition was an adjustment to performance-based Restricted Stock Units (RSUs) originally granted in 2022.
- These additional shares are related to dividend equivalents paid for the second quarter of 2025.
- The RSUs to which these shares are an adjustment are scheduled to vest on December 31, 2025.
- Following this transaction, Patten beneficially owns 134,764 shares of common stock.
Sentiment
Score: 6
Explanation: The transaction is a routine, positive adjustment to an executive's equity holdings, reflecting standard compensation practices and increasing insider alignment, without indicating any negative operational or financial news.
Positives
- The acquisition of additional shares, even if an adjustment, increases the insider's stake, aligning interests with shareholders.
- The transaction is a routine adjustment related to existing performance-based RSU awards, indicating the company is adhering to its compensation plan.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction for a Real Estate Investment Trust (REIT). Such transactions, particularly those related to compensation adjustments like RSU dividend equivalents, are common across all industries and do not inherently reflect broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: The increase in the CFO's beneficial ownership, even through a routine adjustment, slightly enhances alignment between management and shareholder interests.
Next Steps
- The performance-based RSUs, to which these shares are an adjustment, are scheduled to vest on December 31, 2025.
Key Dates
| Date | Description |
|---|---|
| 2020-08-12 | Date of original Form 3 filing by the reporting person, which incorporated the Power of Attorney by reference. |
| 2022 | Year performance-based RSUs were originally granted. |
| 2025-07-14 | Date of the reported transaction (acquisition of 199 shares). |
| 2025-07-15 | Date the Form 4 was signed by the attorney-in-fact. |
| 2025-12-31 | Vesting date for the performance-based RSUs to which the adjustment relates. |
Keywords
Essential Properties Realty Trust, EPRT, Mark E. Patten, Form 4, Insider Trading, Restricted Stock Units, RSU, Dividend Adjustment, Executive Compensation, Real Estate Investment Trust, REIT
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