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

Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, acquired 115 shares of common stock due to an adjustment to performance-based RSUs.

Summary

• On October 11, 2024, Mark E. Patten, Executive VP, CFO & Treasurer of Essential Properties Realty Trust, acquired 115 shares of common stock.
• The acquisition was a result of an adjustment to performance-based Restricted Stock Units (RSUs) granted in 2021.
• These RSUs will vest on December 31, 2024.
• The adjustment is related to the payment of quarterly dividends to stockholders for the third quarter of 2024, as per the terms of the award agreement.
• Following the transaction, Patten directly owns 108,619 shares of Essential Properties Realty Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation and doesn't necessarily indicate a significant positive or negative outlook for the company.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This particular filing relates to an adjustment of RSUs due to dividend payments, which is a fairly standard practice in executive compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company executive.

Key Dates