Connor James B. 4

What Happened

• Connor James B., a director of EPR Properties (EPR), was granted a total of 4,978 Restricted Share Units (RSUs) on June 1, 2026 — comprised of 2,358 RSUs, 1,965 RSUs and 655 RSUs. Each award is reported as a derivative grant with a reported acquisition price of $0.00 (transaction code A).
• These RSUs were issued under the Company’s 2016 Equity Incentive Plan as part of the annual trustee compensation program and in lieu of trustee/chairperson retainer fees. No cash was exchanged; the RSUs represent contingent rights to receive one common share per unit upon settlement.

Key Details

• Transaction date: June 1, 2026. Form 4 filed June 2, 2026 (timely — within SEC two-business-day window).
• Grants and amounts: 2,358 RSUs; 1,965 RSUs; 655 RSUs — total 4,978 RSUs. Reported price: $0.00 (derivative award).
• Vesting/settlement: RSUs vest the earlier of (a) June 1, 2027 or (b) a Change of Control (per filing). Settlement/delivery occurs per the reporting person’s instructions provided prior to the grant.
• Plan and purpose: Issued under the 2016 Equity Incentive Plan as compensation (annual trustee retainer and chairperson retainer in lieu of cash).
• Shares owned after transaction: Not specified in this filing.
• Transaction code: A = Award/Grant (derivative RSUs). This is compensation, not an open-market buy or sale.

Context

• RSUs are a form of deferred compensation: they give the holder a contingent right to receive company shares at vesting/settlement; they do not represent immediate share ownership or a market purchase signal. Routine director compensation awards are common and should be viewed differently than outright purchases or sales by insiders.