Form 4: Essential Properties Realty Trust Executive VP Acquires Additional Shares Due to RSU Adjustment
SEC Form 4 Filing
Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, acquired 127 shares of common stock due to an adjustment to performance-based RSUs.
Summary
- On July 12, 2024, Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, acquired 127 shares of common stock.
- The acquisition was due to an adjustment to the shares subject to performance-based RSUs granted in 2021.
- These RSUs will vest on December 31, 2024, in connection with the payment of quarterly dividends to stockholders for the second quarter of 2024.
- Following the transaction, Patten beneficially owns 108,504 shares of Essential Properties Realty Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily indicate a significant shift in the company's prospects or strategy.
Stakeholder Impact
- The adjustment to RSUs impacts the executive's compensation and aligns their interests with shareholders through dividend payments.
Key Dates
| Date | Description |
|---|---|
| 2021 | Date of original grant of performance-based RSUs. |
| 07/12/2024 | Date of transaction: Acquisition of 127 shares. |
| 07/15/2024 | Date of signature on the Form 4 filing. |
| 12/31/2024 | Vesting date of the performance-based RSUs. |
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