EPR Properties (NYSE: EPR) director adds RSUs and exercises 2,729 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EPR Properties director William P. Brown reported compensation-related equity activity. He exercised Restricted Share Units to acquire 2,729 Common Shares of Beneficial Interest, leaving him with 2,729 common shares held directly and 1,219 common shares held indirectly through the William Brown Revocable Trust.
Brown also received several new Restricted Share Unit (RSU) grants under EPR’s 2016 Equity Incentive Plan, totaling 4,978 RSUs issued in lieu of his annual trustee and chairperson retainer fees. Each RSU represents a contingent right to one common share, vesting on the earlier of June 1, 2027 or a defined Change of Control.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,729 shares exercised/converted
Mixed
6 txns
Insider
Brown William P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 2,729 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 2,358 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 1,965 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 655 | $0.00 | -- |
| Exercise | Common Shares of Beneficial Interest | 2,729 | $0.00 | -- |
| holding | Common Shares of Beneficial Interest | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 4,238 shares (Direct, null);
Common Shares of Beneficial Interest — 2,729 shares (Direct, null);
Common Shares of Beneficial Interest — 1,219 shares (Indirect, William Brown Revocable Trust William P. Brown TTEE, Lillian Sorohan TTEE U/A DTD 11/01/2007)
Footnotes (1)
- Each Restricted Share Unit represents a contingent right to receive one share of the Company's Common Shares of Beneficial Interest. Restricted Share Units were issued to the reporting person pursuant to the Company's 2016 Equity Incentive Plan as a part of the Company's annual trustee compensation program. Each Restricted Share Unit represents a contingent right to receive one share of the Company's Common Shares of Beneficial Interest. Subject to certain exceptions, the vesting date for the Restricted Share Units is the earlier of (a) June 1, 2027, or (b) a Change of Control (as defined in the 2016 Equity Incentive Plan). Settlement and delivery of the Company's Common Shares of Beneficial Interest subject to vested Restricted Share Units are made pursuant to instructions provided to the Company by the reporting person prior to the date of grant. Restricted Share Units were issued to Reporting Person in lieu of the Reporting Person's Annual Trustee Retainer fee. Each Restricted Share Unit represents a contingent right to receive one share of Company's Common Shares of Beneficial Interest. Restricted Share Units were issued to the reporting person pursuant to the Company's 2016 Equity Incentive Plan in lieu of the reporting person's chairperson retainer fees. Each Restricted Share Unit represents a contingent right to receive one share of the Company's Common Shares of Beneficial Interest.
Key Figures
Common shares acquired via RSU exercise: 2,729 shares
Indirect common share holdings: 1,219 shares
RSU grant 1: 655 units
+4 more
7 metrics
Common shares acquired via RSU exercise
2,729 shares
Exercise of Restricted Share Units into Common Shares of Beneficial Interest
Indirect common share holdings
1,219 shares
Held through William Brown Revocable Trust after transactions
RSU grant 1
655 units
Restricted Share Units under 2016 Equity Incentive Plan
RSU grant 2
1,965 units
Restricted Share Units issued as trustee compensation
RSU grant 3
2,358 units
Restricted Share Units issued in lieu of chairperson retainer fees
Total new RSUs granted
4,978 units
Sum of three RSU awards reported on June 1, 2026
RSU vesting date
June 1, 2027
Earlier of June 1, 2027 or Change of Control for vesting
Key Terms
Restricted Share Units, 2016 Equity Incentive Plan, Change of Control, Annual Trustee Retainer fee, +1 more
5 terms
2016 Equity Incentive Plan financial
"Restricted Share Units were issued to the reporting person pursuant to the Company's 2016 Equity Incentive Plan as a part of the Company's annual trustee compensation program."
Change of Control financial
"the vesting date for the Restricted Share Units is the earlier of (a) June 1, 2027, or (b) a Change of Control (as defined in the 2016 Equity Incentive Plan)."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Annual Trustee Retainer fee financial
"Restricted Share Units were issued to Reporting Person in lieu of the Reporting Person's Annual Trustee Retainer fee."
chairperson retainer fees financial
"Restricted Share Units were issued to the reporting person pursuant to the Company's 2016 Equity Incentive Plan in lieu of the reporting person's chairperson retainer fees."
FAQ
What did EPR (EPR) director William P. Brown report in this Form 4?
William P. Brown reported equity compensation activity, including exercising 2,729 Restricted Share Units into common shares and receiving multiple new RSU grants totaling 4,978 units. These awards are part of EPR Properties’ trustee and chairperson compensation under its 2016 Equity Incentive Plan.
Are William P. Brown’s EPR RSU grants part of routine compensation?
Yes, the filing states the RSUs were issued under the 2016 Equity Incentive Plan as part of EPR’s annual trustee compensation program and in lieu of trustee and chairperson retainer fees. This indicates the awards are structured as ongoing, compensation-related equity grants.