Executive grant at Essential Properties (NYSE: EPRT) adds 165 RSU shares

Rhea-AI Filing Summary

Jenkins Robert M reported acquisition or exercise transactions in this Form 4 filing.

Essential Properties Realty Trust executive VP and COO Robert M. Jenkins received 165 shares of common stock at no cost as an adjustment to performance-based RSUs granted in 2023. The adjustment reflects dividend equivalents for the first quarter of 2026, and these RSUs are scheduled to vest on December 31, 2026. Following the award, he directly holds 55,992 common shares, highlighting a routine, compensation-related increase rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jenkins Robert M

Role Executive VP and COO

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

Holdings After Transaction: Common Stock — 55,992 shares (Direct)

Footnotes (1)

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Key Figures

RSU adjustment: 165 shares Price per share: $0.00 per share Post-transaction holdings: 55,992 shares +2 more

5 metrics

RSU adjustment 165 shares Adjustment to 2023 performance-based RSUs for Q1 2026 dividends

Price per share $0.00 per share Grant/award acquisition of common stock

Post-transaction holdings 55,992 shares Direct common stock ownership after the Form 4 transaction

RSU grant year 2023 Original grant year of the performance-based RSUs

RSU vesting date December 31, 2026 Scheduled vesting date of the 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"

Form 4 Insider Transactions: What Each Field Means →

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^*

Jenkins Robert M

(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 COO

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	55,992	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 4 filed by the reporting person on November 4, 2021.)

	/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)

FAQ

What insider transaction did EPRT executive Robert Jenkins report?

Robert M. Jenkins reported receiving 165 shares of EPRT common stock as a compensation-related grant. The shares are an adjustment to performance-based RSUs reflecting dividend equivalents, rather than an open-market purchase, and were received at no cost per share.

Why did EPRT grant 165 additional RSU-linked shares to Robert Jenkins?

The 165 additional shares reflect an adjustment to performance-based RSUs granted in 2023. They were added in connection with quarterly dividends paid for the first quarter of 2026, consistent with the underlying award agreement’s dividend-equivalent terms for those RSUs.

When will Robert Jenkins’s adjusted performance-based RSUs at EPRT vest?

The performance-based RSUs, including the 165 dividend-equivalent adjustment shares, are scheduled to vest on December 31, 2026. Vesting depends on the award’s terms, so the shares relate to long-term incentive compensation rather than immediate, unrestricted stock ownership.

How many EPRT shares does Robert Jenkins own after this Form 4 transaction?

After the transaction, Robert M. Jenkins directly holds 55,992 shares of Essential Properties Realty Trust common stock. This total includes the 165 new shares credited through the RSU adjustment described in the filing, reflecting his updated direct ownership position.

Was the EPRT Form 4 transaction an open-market stock purchase or sale?

No, the reported Form 4 transaction was not an open-market trade. It was a grant-type acquisition of 165 shares at a price of $0.00 per share, tied to performance-based RSUs and dividend equivalents under a pre-existing compensation award agreement.