Form 4: Essential Properties Realty Trust Executive Earnshaw Reports Adjustment to Performance-Based RSUs

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

Summary

• On January 14, 2025, Timothy J. Earnshaw, SVP & Chief Accounting Officer of Essential Properties Realty Trust, reported a transaction on SEC Form 4.
• The transaction involves an adjustment to the shares subject to performance-based Restricted Stock Units (RSUs) granted in 2021.
• These RSUs vested on December 31, 2024.
• The adjustment of 45 shares is related to the payment of quarterly dividends to stockholders for the fourth quarter of 2024, as per the terms of the award agreement.
• Following the reported transaction, Earnshaw beneficially owns 45,039 shares of Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine adjustment to stock holdings due to dividend payments, which is a neutral event. The filing is a standard regulatory requirement, indicating transparency.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The adjustment to RSUs has a minor impact on shareholders, reflecting the company's dividend policy.

Key Dates