Ziegler Caixia 4

What Happened

• Ziegler Caixia, a director of EPR Properties (EPR), received awards and converted derivatives on June 1, 2026. She was granted two Restricted Share Unit (RSU) awards totaling 4,323 RSUs (2,358 and 1,965 RSUs). On the same date she also had a conversion/exercise of 1,510 derivative units and an apparent simultaneous disposition of 1,510 derivative units reported at $0.00. No cash proceeds or market sale price is reported for the $0.00 disposition; the grants are recorded at $0.00 acquisition price (typical for RSU awards).

Key Details

• Transaction date: 2026-06-01 (filed 2026-06-02; filing appears timely)
• Lines reported:
  • Exercise/conversion (M): 1,510 shares acquired (price N/A)
  • Exercise/conversion (M): 1,510 shares disposed at $0.00
  • Grant/award (A): 2,358 RSUs acquired at $0.00
  • Grant/award (A): 1,965 RSUs acquired at $0.00
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes: RSUs represent a contingent right to receive one common share each (F1/F2). RSU vesting is generally the earlier of June 1, 2027 or a Change of Control (F3). These RSUs were issued as part of annual trustee compensation (F2/F4).
• Filing timeliness: Period of report 2026-06-01, accession filed 2026-06-02 — not indicated as late.

Context

• These entries are largely compensation-related RSU grants (acquisitions), which are routine and different from an open-market purchase or sale. The conversion/exercise plus a $0.00 disposition commonly reflects share settlement mechanics (for example, share withholding or surrender to satisfy taxes), though the filing shows $0.00 proceeds and does not report cash received. RSUs generally vest later (per footnote) and do not necessarily indicate the director is buying or selling stock for investment purposes. Purchases are typically viewed as stronger bullish signals than compensation grants.