Form 4: Essential Properties Realty Trust Executive Acquires Partnership Units

Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, Inc., acquired OP Units convertible to common stock on February 20, 2025.

Summary

• Mark E. Patten, an executive at Essential Properties Realty Trust, acquired 13,029 OP Units on February 20, 2025.
• These OP Units are a special class issued under the company's Long-Term Incentive Plan (LTIP Units).
• Each LTIP Unit represents the contingent right to receive one OP Unit upon vesting, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes.
• The OP Units are redeemable for cash or exchangeable for common stock at a 1:1 ratio, subject to anti-dilution adjustments.
• The LTIP Units vest ratably on the first, second, third, and fourth anniversaries of January 18, 2025, contingent upon continued employment.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any explicit positive or negative sentiment, simply reporting a transaction.

Future Outlook

The acquired LTIP Units vest over the next four years, incentivizing the reporting person's continued employment and alignment with the company's long-term performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding executive compensation and ownership in the company.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment with company performance.

Key Dates