EPR Properties (EPR) EVP awarded 28,489 shares in lieu of cash bonus

Rhea-AI Filing Summary

Fox Benjamin N reported acquisition or exercise transactions in this Form 4 filing.

EPR Properties executive vice president Benjamin N. Fox received a grant of 28,489 common shares of beneficial interest on February 23, 2026. These shares were issued in lieu of a cash bonus and will vest in three equal annual installments beginning on January 1, 2027.

After this award, Fox directly holds 49,274 common shares. In addition, 2,892 common shares are held indirectly through The Fox Revocable Living Trust, reflecting separate indirect ownership associated with the executive.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fox Benjamin N

(Last) (First) (Middle)

909 WALNUT

STE. 200

(Street)

KANSAS CITY MO 64106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EPR PROPERTIES [ EPR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	02/23/2026		A(1)		28,489	A	$0	49,274	D
Common Shares of Beneficial Interest								2,892	I	The Fox Revocable Living Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. At the election of the Reporting Person, the Common Shares of Beneficial Interest were issued in lieu of a cash bonus and vest in three annual installments, beginning January 1, 2027.

Remarks:

	/s/ Angela M. Whittaker, attorney-in-fact for Benjamin N. Fox	02/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did EPR (EPR Properties) EVP Benjamin N. Fox report in this Form 4?

Benjamin N. Fox reported receiving 28,489 common shares of beneficial interest as an equity grant. The shares were awarded in place of a cash bonus and increase his direct ownership stake in EPR Properties alongside existing indirect holdings through a revocable trust.

How many EPR Properties shares did Benjamin N. Fox receive in the latest grant?

Benjamin N. Fox received 28,489 common shares of beneficial interest. This equity was granted at no stated share price, functioning as compensation in lieu of a cash bonus and subject to a multi-year vesting schedule beginning in 2027 for long-term alignment.

How do the newly granted EPR shares to Benjamin N. Fox vest over time?

The 28,489 granted EPR Properties shares vest in three annual installments. Vesting begins on January 1, 2027, meaning the award will fully vest over three years, tying the executive’s realized compensation to continued service and long-term company performance.

What is Benjamin N. Fox’s direct share ownership in EPR after this transaction?

Following the grant, Benjamin N. Fox directly owns 49,274 EPR Properties common shares. This figure reflects his direct holdings after the award and does not include additional shares held indirectly through The Fox Revocable Living Trust, which are reported separately.

Does Benjamin N. Fox hold any EPR shares indirectly through a trust?

Yes, 2,892 EPR Properties common shares are held indirectly through The Fox Revocable Living Trust. These trust-held shares are reported as indirect ownership, separate from Fox’s directly owned 49,274 shares after the equity grant reported in the same filing.

Was the EPR share award to Benjamin N. Fox a cash purchase or compensation grant?

The 28,489 EPR Properties shares were issued as compensation, not a cash purchase. They were granted in lieu of a cash bonus, at no stated price per share, and will vest over three years starting January 1, 2027, aligning with long-term incentives.