Form 4: Essential Properties Realty Trust Executive VP, CFO & Treasurer Reports Stock Transactions
SEC Form 4 Filing
Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, reports acquisition of 41,540 shares and disposal of 9,019 shares of common stock on February 11, 2025.
Summary
- Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, filed a Form 4 on February 13, 2025.
- On February 11, 2025, Mr. Patten acquired 41,540 shares of common stock at $0 and disposed of 9,019 shares at $31.2.
- Following these transactions, Mr. Patten beneficially owns 134,363 shares of Essential Properties Realty Trust.
- The acquisition of 41,540 shares represents shares acquired upon the achievement of performance criteria underlying the award of performance-based restricted stock units granted to the reporting person in 2022.
- 50% of these shares were immediately vested upon certification of the achievement of the performance criteria and the remaining 50% will vest on December 31, 2025, subject to the reporting person's continued service through such date.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The acquisition of shares based on performance is a positive sign, but the disposal of some shares tempers the overall sentiment.
Positives
- The acquisition of shares indicates confidence in the company's performance, as the shares were awarded based on the achievement of performance criteria.
Negatives
- The disposal of 9,019 shares could be interpreted negatively, although it represents a small portion of Mr. Patten's holdings.
Future Outlook
The remaining 50% of the acquired shares will vest on December 31, 2025, contingent upon Mr. Patten's continued service.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The stock transactions of company insiders can influence investor sentiment and potentially impact the stock price.
Key Dates
| Date | Description |
|---|---|
| 2020-08-12 | Date of Power of Attorney filed as Exhibit 24.1 to the Form 3 filed by the reporting person. |
| 2022 | Year of grant of performance-based restricted stock units. |
| 2025-02-11 | Date of stock acquisition and disposal. |
| 2025-02-13 | Date of Form 4 filing. |
| 2025-12-31 | Date of vesting for the remaining 50% of the acquired shares. |
Keywords
Form 4, insider trading, EPRT, Essential Properties Realty Trust, Mark E. Patten, stock transaction, executive compensation
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