Mavoides Peter M. 4
4 · ESSENTIAL PROPERTIES REALTY TRUST, INC. · Filed Feb 24, 2025
Insider Transaction Report
Form 4
Mavoides Peter M.
DirectorPresident and CEO
Transactions
- Award
OP Units
2025-02-20+52,117→ 52,117 total→ Common Stock (52,117 underlying)
Holdings
- 244,423(indirect: See Footnote)
OP Units
→ Common Stock (244,423 underlying) - 244,422(indirect: See Footnote)
OP Units
→ Common Stock (244,422 underlying)
Footnotes (5)
- [F1]The OP Units ("OP Units") are units of limited partnership interest issued by Essential Properties, L.P., a Delaware limited partnership and the entity through which Essential Properties Realty Trust, Inc. (the "Company") holds substantially all of its assets and conducts its operations. The OP Units are redeemable by the holder for cash or, at the Company's election, may be exchanged for shares of the Company's common stock at a one-to-one ratio, subject to anti-dilution adjustments.
- [F2]Represents a special class of OP Units issued by Essential Properties, L.P. pursuant to its Partnership Agreement and the Company's Long-Term Incentive Plan ("LTIP Units"). Each LTIP Unit represents the contingent right to receive one OP Unit upon vesting, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes.
- [F3]These LTIP Units vest ratably on the first, second, third and fourth anniversaries of January 18, 2025, subject to the reporting person's continued employment by the Company through the applicable vesting date. There is no expiration date for the LTIP Units or OP Units.
- [F4]Shares held by The Peter Mavoides Family Trust dated December 4, 2023, for which the reporting person's spouse serves as trustee.
- [F5]Shares held by The Susan Mavoides Descendants Trust dated December 4, 2023, for which the reporting person serves as trustee.