EPR Properties (NYSE: EPR) director granted 4,978 RSUs as trustee compensation

Rhea-AI Filing Summary

Connor James B. reported acquisition or exercise transactions in this Form 4 filing.

EPR Properties director Connor James B. reported compensation-related equity awards rather than open-market trading. On June 1, 2026, he received three grants totaling 4,978 Restricted Share Units (RSUs), each with a grant price of $0.00 per unit.

The RSUs were issued under EPR’s 2016 Equity Incentive Plan as part of the company’s annual trustee compensation program and in lieu of his annual trustee and chairperson retainer fees. Each RSU represents a contingent right to receive one common share of beneficial interest, generally vesting on June 1, 2027 or earlier upon a defined Change of Control, with settlement and delivery instructions provided in advance.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Connor James B.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	2,358	$0.00	$0.00
Grant/Award	Restricted Share Units	1,965	$0.00	$0.00
Grant/Award	Restricted Share Units	655	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 45,864 shares (Direct)

Footnotes (4)

1. F1. 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.
2. F2. 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.
3. F3. Restricted Share Units were issued to Reporting Person in lieu of the Reporting Persons Annual Trustee Retainer fee. Each Restricted Share Unit represents a contingent right to receive one share of Companys Common Shares of Beneficial Interest.
4. F4. 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

RSU grant 1: 655 units RSU grant 2: 1,965 units RSU grant 3: 2,358 units +3 more

6 metrics

RSU grant 1 655 units Restricted Share Units granted June 1, 2026

RSU grant 2 1,965 units Restricted Share Units granted June 1, 2026

RSU grant 3 2,358 units Restricted Share Units granted June 1, 2026

Total RSUs granted 4,978 units Sum of three RSU awards on June 1, 2026

RSU vesting date June 1, 2027 Earlier of June 1, 2027, or Change of Control

Grant price $0.00 per unit RSUs issued as non-cash trustee and chair fees

Key Terms

Restricted Share Units, 2016 Equity Incentive Plan, Change of Control, Annual Trustee Retainer fee, +1 more

5 terms

Restricted Share Units financial

"Restricted Share Units were issued to the reporting person pursuant to the Company's 2016 Equity Incentive Plan"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

2016 Equity Incentive Plan financial

"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"

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 Persons 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"

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/02/2026 - 11:04 AM Learn about SEC filing dates

FAQ

What insider transaction did EPR (EPR) report for Connor James B.?

EPR reported that director Connor James B. received equity awards, not market trades. He was granted 4,978 Restricted Share Units as part of trustee and chairperson compensation under the 2016 Equity Incentive Plan on June 1, 2026, at a grant price of $0.00 per unit.

How many Restricted Share Units did the EPR director receive in this Form 4?

The director received a total of 4,978 Restricted Share Units across three grants. Individual awards covered 655, 1,965, and 2,358 units, each representing a contingent right to one common share of beneficial interest upon vesting, issued as compensation rather than cash fees.

When do the EPR Restricted Share Units reported in this Form 4 vest?

The Restricted Share Units generally vest on June 1, 2027, or earlier if a Change of Control occurs as defined in the 2016 Equity Incentive Plan. After vesting, common shares are delivered according to settlement instructions the director provided prior to the grant date.

Are the EPR Form 4 transactions open-market buys or sells of stock?

No, the transactions are not open-market trades. They are grants of Restricted Share Units awarded at $0.00 per unit as part of the company’s trustee and chairperson retainer compensation, representing future rights to receive common shares once vesting conditions are met.

What plan governs the EPR Restricted Share Units granted to the director?

The Restricted Share Units were issued under EPR Properties’ 2016 Equity Incentive Plan. This plan provides for equity-based compensation, and in this case RSUs were granted in lieu of the director’s annual trustee and chairperson retainer fees, aligning compensation partly with company equity.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Connor James B.

(Last) (First) (Middle)

909 WALNUT ST.

STE 200

(Street)

KANSAS CITY MISSOURI 64106

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

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

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

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
Restricted Share Units	(1)	06/01/2026		A		2,358		(2)	(2)	Common Shares of Beneficial Interest	2,358	$0	43,244	D
Restricted Share Units	(3)	06/01/2026		A		1,965		(2)	(2)	Common Shares of Beneficial Interest	1,965	$0	45,209	D
Restricted Share Units	(4)	06/01/2026		A		655		(2)	(2)	Common Shares of Beneficial Interest	655	$0	45,864	D

Explanation of Responses:

1. 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.

2. 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.

3. Restricted Share Units were issued to Reporting Person in lieu of the Reporting Persons Annual Trustee Retainer fee. Each Restricted Share Unit represents a contingent right to receive one share of Companys Common Shares of Beneficial Interest.

4. 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.

Remarks:

	/s/ Angela M. Whittaker, Attorney-in-Fact for James B. Connor	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)