Jenkins Robert M 4

4 · ESSENTIAL PROPERTIES REALTY TRUST, INC. · Filed Feb 23, 2026

AI-generated summary of this filing

Updated Feb 23, 2026

EPRT EVP/COO Robert M. Jenkins Receives LTIP Award

What Happened

Robert M. Jenkins, Executive Vice President and Chief Operating Officer of Essential Properties Realty Trust, Inc. (EPRT), received a grant of 12,678 LTIP Units (reported as a derivative award) on February 20, 2026. The award was reported at $0.00 per unit (no cash paid). These LTIP Units represent contingent rights to OP Units (units of limited partnership interest) that can be exchanged for the company's common stock on a one-for-one basis, subject to anti-dilution adjustments.

Key Details

Transaction date: 2026-02-20; Filing date: 2026-02-23 (Form 4 accession 0002013812-26-000008).
Security/award: 12,678 LTIP Units — reported as an Award/Grant (code A); $0.00 per unit, total reported cash value $0.
Shares owned after transaction: Not specified in the Form 4 provided.
Vesting: LTIP Units vest ratably on the 1st, 2nd, 3rd and 4th anniversaries of January 18, 2026, contingent on continued employment; no expiration date.
Footnotes: OP Units are limited partnership units issued by Essential Properties, L.P., redeemable for cash or exchangeable for common stock at a one-to-one ratio (F1). LTIP Units are a special class that convert to OP Units upon vesting and are conditioned on certain tax allocations (F2, F3).
Timeliness: Filing appears timely (transaction 2/20/2026, filed 2/23/2026).
Exhibit: Power of Attorney included by reference (Exhibit 24.1).

Context

This was an equity award, not an open-market purchase or sale. LTIP Units are a form of long-term incentive that convert into economic interests (OP Units) and may later be exchanged for common shares, subject to vesting and plan terms. Such awards are routine compensation for executives and do not by themselves indicate a near-term purchase or sale of common stock.

Form 4

Period: 2026-02-20

Executive VP and COO

Transactions

Award
OP Units
[F1][F2][F3]
2026-02-20+12,678→ 20,495 total
→ Common Stock (12,678 underlying)

Footnotes (3)

[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, 2026, 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.

Signature

/s/ Timothy J. Earnshaw, attorney-in-fact|2026-02-23

1 file