Essential Properties EVP gets RSU share adjustment

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported that Executive VP and CIO A. Joseph Peil acquired 176 shares of Common Stock on July 14, 2026 as a grant/award adjustment.

Rhea-AI Filing Summary

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported that Executive VP and CIO A. Joseph Peil acquired 176 shares of Common Stock on July 14, 2026 as a grant/award adjustment. According to the award terms, this represents an adjustment to shares subject to performance-based RSUs granted in 2023, tied to quarterly dividends for the second quarter of 2026 and scheduled to vest on December 31, 2026. Following this adjustment, Peil directly holds 76,866 Common shares.

Insider Trade Summary

Grant/Award: 176 shares

Grant/Award 1 txn

Insider Peil A Joseph

Role Executive VP and CIO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	176	$0.00	$0.00

Holdings After Transaction: Common Stock — 76,866 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 second quarter of 2026 pursuant to the terms and conditions of the underlying award agreement.

Key Figures

Shares acquired: 176 shares Transaction price per share: $0.0000 Shares held after transaction: 76,866 shares +3 more

6 metrics

Shares acquired 176 shares Grant/award acquisition of Common Stock on 2026-07-14

Transaction price per share $0.0000 Non-cash grant/award of Common Stock

Shares held after transaction 76,866 shares Direct ownership of Common Stock following the 2026-07-14 transaction

RSU grant year 2023 Performance-based RSUs originally granted in 2023 referenced in the footnote

RSU vesting date December 31, 2026 Scheduled vesting date for performance-based RSUs subject to this adjustment

Dividend period for adjustment second quarter of 2026 RSU share adjustment tied to quarterly dividends for this period

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 second 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 report for Executive VP and CIO A. Joseph Peil?

ESSENTIAL PROPERTIES REALTY TRUST, INC. reported that A. Joseph Peil acquired 176 shares of Common Stock on July 14, 2026. The acquisition reflects an adjustment related to performance-based RSUs granted in 2023, rather than an open-market purchase.

How many EPRT shares were added in Joseph Peil’s latest equity award adjustment?

A. Joseph Peil received an additional 176 shares of Common Stock as a grant/award adjustment. These shares correspond to an adjustment to performance-based RSUs, made under the terms of his 2023 award and linked to second-quarter 2026 dividends.

When do the performance-based RSUs referenced in EPRT’s filing vest?

The performance-based RSUs referenced in the filing are scheduled to vest on December 31, 2026. The 176-share adjustment relates to these 2023-granted RSUs and reflects dividend-equivalent treatment for second-quarter 2026 dividends under the award agreement.

Why was Joseph Peil’s EPRT RSU award adjusted in the second quarter of 2026?

The 176-share adjustment was made in connection with the payment of quarterly dividends for the second quarter of 2026. Under the underlying award agreement, performance-based RSUs are adjusted to reflect dividends paid to stockholders during the vesting period.

How many EPRT shares does A. Joseph Peil hold after this Form 4 transaction?

After the July 14, 2026 transaction, A. Joseph Peil directly holds 76,866 shares of Common Stock. This total reflects his position following the 176-share grant/award adjustment related to his 2023 performance-based RSU grant.

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

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Accepted by SEC EDGAR 07/15/2026 - 04:53 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)
07/14/2026

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	07/14/2026		A(1)		176	A	$0	76,866	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 second 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	07/15/2026
	** 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)