Form 4: Essential Properties Realty Trust Executive VP Acquires Shares Due to RSU Adjustment

Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, acquired 125 shares of common stock due to an adjustment to performance-based RSUs.

Summary

• On January 14, 2025, Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, acquired 125 shares of common stock.
• The acquisition was a result of an adjustment to shares subject to performance-based RSUs granted in 2021 that vested on December 31, 2024.
• This adjustment was in connection with the payment of quarterly dividends to stockholders for the fourth quarter of 2024, as per the terms of the award agreement.
• Following the transaction, Patten directly owns 108,744 shares of Essential Properties Realty Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock ownership. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and prospects.

Stakeholder Impact

• The transaction increases the executive's alignment with shareholder interests through increased ownership.

Key Dates