Form 4: Essential Properties Realty Trust Director Receives Stock Grant

Director Stephen D. Sautel receives 3,818 shares of Essential Properties Realty Trust (EPRT) common stock as part of a restricted stock unit grant.

Summary

• Stephen D. Sautel, a director of Essential Properties Realty Trust, received 3,818 shares of common stock on May 14, 2025.
• The shares were granted as restricted stock units (RSUs).
• The RSUs vest on the earlier of the first anniversary of the grant date or the first annual meeting of the Issuer's stockholders after the grant date, contingent upon continued service on the board.
• Each RSU represents the right to receive one share of common stock.
• Following the transaction, Sautel beneficially owns 182,603 shares of EPRT.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting requirements incentivize continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting conditions of the restricted stock units.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with shareholders. The size of the grant and vesting schedule are typical for director compensation.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary widely across the REIT sector.
• Companies like Simon Property Group (SPG) and Prologis (PLD) also utilize stock grants as part of their director compensation, with amounts varying based on company size, performance, and individual director roles.
• The vesting schedules are generally similar, often tied to continued service on the board.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Essential Properties Realty Trust, Director, Stephen D. Sautel, Stock Grant, Restricted Stock Units, Beneficial Ownership, EPRT