Essential Properties (EPRT) President Robert Jenkins Receives Award

What Happened
Robert M. Jenkins, President and Chief Operating Officer of Essential Properties Realty Trust, Inc. (EPRT), was granted 67,476 LTIP Units on September 9, 2026. The award is reported as a derivative grant at $0.00 per unit (total reported cash value $0). The LTIP Units represent contingent rights to OP Units (limited partnership units) that can be redeemed for cash or, at the company’s election, exchanged one-for-one for the company’s common stock, subject to anti-dilution adjustments.

Key Details

• Transaction date: 2026-09-09; Form filed: 2026-09-10 (filed one day after the grant; within normal Form 4 timing).
• Instrument and amount: 67,476 LTIP Units (derivative award), price reported $0.00.
• Shares owned after transaction: Not specified in this Form 4.
• Vesting: The LTIP Units vest in two equal installments on the third and fourth anniversaries of September 9, 2026 (i.e., half on each vesting date), contingent on continued employment; no expiration date.
• Footnotes: LTIP Units are a special class of OP Units (units of Essential Properties, L.P.) that convert to OP Units upon vesting; OP Units are redeemable for cash or exchangeable 1:1 for common stock subject to anti-dilution and conditioned on certain tax capital account allocations.
• Exhibit: Power of Attorney (Exhibit 24.1) incorporated by reference.

Context
This was a grant/award (not a buy or sell) of long-term incentive units. For retail investors, awards signal compensation alignment rather than an immediate market bet—units vest over several years and are contingent on continued employment and tax/accounting conditions. Because these are derivative LTIP Units (not immediate common shares), they do not represent current share purchases or sales and carry future vesting and conversion conditions.