EPRT.NYSEEssential Properties Realty Trust, INC

Form 4: Essential Properties Realty Trust: Executive Earnshaw Adjusts Holdings Due to Dividend Payment

Sentiment:

SEC Form 4 Filing

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Timothy J. Earnshaw, SVP & Chief Accounting Officer of Essential Properties Realty Trust, reports an adjustment to performance-based RSUs due to dividend payments.

Summary

  • On July 12, 2024, Timothy J. Earnshaw, SVP & Chief Accounting Officer of Essential Properties Realty Trust, reported a transaction involving common stock.
  • The transaction involved an adjustment of 45 shares acquired at $0 due to the payment of quarterly dividends to stockholders for the second quarter of 2024.
  • Following the reported transaction, Earnshaw beneficially owns 44,953 shares of common stock.
  • The adjustment relates to performance-based RSUs granted in 2021, which will vest on December 31, 2024.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to an adjustment in shareholdings due to dividend payments, indicating standard corporate governance practices. There is nothing to suggest a negative outlook.

Future Outlook

The performance-based RSUs granted in 2021 will vest on December 31, 2024, subject to the terms and conditions of the underlying award agreement.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.

Key Dates

DateDescription
07/12/2024Date of transaction involving common stock.
07/15/2024Date of signature on the report.
12/31/2024Vesting date of performance-based RSUs granted in 2021.

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