EPRT executive receives 165-share RSU adjustment

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported that Executive VP and CIO A. Joseph Peil received 165 shares of Common Stock as a grant-type acquisition.

Rhea-AI Filing Summary

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported that Executive VP and CIO A. Joseph Peil received 165 shares of Common Stock as a grant-type acquisition. A footnote explains this represents an adjustment to performance-based RSUs granted in 2023, tied to the first-quarter 2026 dividend. These RSUs are scheduled to vest on December 31, 2026, under the award agreement, and Peil now directly holds 76,690 shares after this adjustment.

Insider Trade Summary

Grant/Award: 165 shares

Grant/Award 1 txn

Insider Peil A Joseph

Role Executive VP and CIO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	165	$0.00	$0.00

Holdings After Transaction: Common Stock — 76,690 shares (Direct)

Footnotes (1)

1. F1. Represents an adjustment to the shares subject to performance-based RSUs granted in 2023 which will vest on December 31, 2026 in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026 pursuant to the terms and conditions of the underlying award agreement.

Key Figures

Shares acquired: 165 shares Holdings after transaction: 76,690 shares RSU vesting date: December 31, 2026

3 metrics

Shares acquired 165 shares Grant-type acquisition adjusting 2023 performance-based RSUs

Holdings after transaction 76,690 shares Direct Common Stock holdings after RSU adjustment

RSU vesting date December 31, 2026 Vesting date for 2023 performance-based RSUs

Key Terms

performance-based RSUs, quarterly dividends, underlying award agreement

3 terms

performance-based RSUs financial

"Represents an adjustment to the shares subject to performance-based RSUs granted in 2023"

Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.

quarterly dividends financial

"in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026"

underlying award agreement financial

"pursuant to the terms and conditions of the underlying award agreement"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did EPRT Executive VP and CIO A. Joseph Peil report?

A. Joseph Peil reported acquiring 165 shares of Common Stock as a grant-type transaction. A footnote states this is an adjustment to performance-based RSUs granted in 2023, reflecting first-quarter 2026 dividend payments under the award agreement.

How many ESSENTIAL PROPERTIES REALTY TRUST (EPRT) shares does A. Joseph Peil hold after this Form 4?

After the reported transaction, A. Joseph Peil directly holds 76,690 shares of EPRT Common Stock. This total reflects the addition of 165 shares tied to an adjustment of performance-based RSUs associated with first-quarter 2026 dividend payments.

What is the nature of the 165-share acquisition reported for EPRT’s A. Joseph Peil?

The 165-share acquisition is classified as a grant, award, or other acquisition rather than an open-market purchase. A footnote clarifies it adjusts the number of shares underlying performance-based RSUs in connection with first-quarter 2026 dividend payments.

When do the performance-based RSUs referenced in A. Joseph Peil’s EPRT Form 4 vest?

The performance-based RSUs referenced are scheduled to vest on December 31, 2026. The 165-share adjustment reflects additional shares credited under the RSU terms due to first-quarter 2026 dividend payments, consistent with the underlying award agreement.

Did A. Joseph Peil pay cash for the 165 EPRT shares reported on this Form 4?

The reported transaction lists a price per share of 0.0000, indicating no cash consideration was paid. Instead, the 165 shares represent an adjustment to performance-based RSUs granted in 2023, linked to first-quarter 2026 dividend payments under the award agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/16/2026 - 04:44 PM EDT Learn about SEC filing dates

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^*

Peil A Joseph

(Last) (First) (Middle)

5 VAUGHN DRIVE

SUITE 202

(Street)

PRINCETON NEW JERSEY 08540

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ESSENTIAL PROPERTIES REALTY TRUST, INC. [ EPRT ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP and CIO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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
Common Stock	04/14/2026		A(1)		165	A	$0	76,690	D

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. Represents an adjustment to the shares subject to performance-based RSUs granted in 2023 which will vest on December 31, 2026 in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026 pursuant to the terms and conditions of the underlying award agreement.

Remarks:

Exhibit 24.1 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24.1 to the Form 3 filed by the reporting person on March 6, 2024.)

	/s/ Timothy J. Earnshaw, attorney-in-fact	04/16/2026
	** 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)