Form 4: Essential Properties Realty Trust Executive Earnshaw Receives Stock Adjustment Due to Dividend Payments

Timothy J. Earnshaw, SVP & Chief Accounting Officer of Essential Properties Realty Trust, received an adjustment of 99 shares of common stock related to performance-based RSUs due to dividend payments.

Summary

• Timothy J. Earnshaw, a Senior Vice President and Chief Accounting Officer at Essential Properties Realty Trust, Inc. (EPRT), reported a transaction on April 11, 2025.
• The transaction involved an acquisition of 99 shares of common stock.
• This acquisition is an adjustment to shares subject to performance-based Restricted Stock Units (RSUs) granted in 2022.
• The RSUs will vest on December 31, 2025.
• The adjustment is connected to the payment of quarterly dividends to stockholders for the first quarter of 2025, as per the terms of the award agreement.
• Following the reported transaction, Earnshaw beneficially owns 59,822 shares of EPRT common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and dividend payments, indicating stable corporate governance practices. There is nothing to suggest a negative outlook.

Future Outlook

The RSUs will vest on December 31, 2025, contingent on the terms and conditions of the underlying award agreement.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing relates to an adjustment of stock awards due to dividend payments, which is a fairly standard practice.

Stakeholder Impact

• The adjustment of shares has a minor impact on the overall shareholding structure.
• The dividend payment benefits all shareholders, including Timothy J. Earnshaw.

Key Dates

Keywords

Form 4, EPRT, Essential Properties Realty Trust, Insider Trading, Timothy J. Earnshaw, RSUs, Dividends, Stock Adjustment