Director Lawrence J. Minich of EPRT (NYSE: EPRT) receives 3,837 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Minich Lawrence J reported acquisition or exercise transactions in this Form 4 filing.
ESSENTIAL PROPERTIES REALTY TRUST director equity grant: Director Lawrence J. Minich received 3,837 shares of Common Stock as a grant of restricted stock units at no cash cost. These units vest on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, subject to continued board service. After this award, Minich directly holds 31,643 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Minich Lawrence J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,837 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,643 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 3,837 shares
Shares after transaction: 31,643 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
3,837 shares
Restricted stock units granted on May 13, 2026
Shares after transaction
31,643 shares
Direct common stock holdings after grant
Grant price
$0.00 per share
Compensation grant, not market purchase
Vesting trigger
Earlier of 1-year anniversary or next annual meeting
Subject to continued board service through vesting date
Key Terms
restricted stock units, vesting date, contingent right
3 terms
restricted stock units financial
"Reflects a grant of restricted stock units that vest on the earlier of"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting date financial
"subject to the reporting person's continued service on the Issuer's board of directors through the vesting date"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
FAQ
What insider transaction did EPRT director Lawrence J. Minich report?
Lawrence J. Minich reported receiving 3,837 shares of ESSENTIAL PROPERTIES REALTY TRUST common stock as a grant of restricted stock units. The award was compensation, not an open-market purchase, and increased his direct holdings to 31,643 shares.
Was the EPRT Form 4 transaction a stock purchase or a grant?
The transaction was a grant of restricted stock units, not a market purchase. Minich received 3,837 units at a stated price of $0.00 per share as part of his director compensation, subject to future vesting conditions tied to continued board service.
When do Lawrence J. Minich’s EPRT restricted stock units vest?
The restricted stock units vest on the earlier of the first anniversary of the grant date or the first annual meeting of stockholders after the grant. Vesting requires Minich to continue serving on ESSENTIAL PROPERTIES REALTY TRUST’s board through that vesting date.
What does each EPRT restricted stock unit granted to Minich represent?
Each restricted stock unit represents a contingent right to receive one share of ESSENTIAL PROPERTIES REALTY TRUST common stock. The units convert into shares only if vesting conditions are met, including the timing milestone and Minich’s continued service on the company’s board of directors.