Peil A Joseph 4

What Happened
Peil A. Joseph, Executive Vice President and Chief Investment Officer of Essential Properties Realty Trust (EPRT), received 34,165 shares on Feb 10, 2026 as the settlement of performance-based restricted stock units (award). To cover tax withholding, 8,738 of those shares were surrendered/disposed at $31.91 each for approximately $278,830. Net shares retained from this vesting event were 25,427.

Key Details

• Transaction date: February 10, 2026.
• Award (code A): 34,165 shares acquired at $0.00 (performance-based RSU settlement).
• Tax withholding (code F): 8,738 shares disposed at $31.91 = $278,830.
• Net shares received: 34,165 − 8,738 = 25,427 shares.
• Shares owned after transaction: not specified in this filing.
• Footnote: The shares arose from 2023 performance-based RSUs; 50% vested immediately upon certification of the performance results and the remaining 50% will vest on December 31, 2026, subject to continued service.
• Filing: Form 4 filed Feb 12, 2026 (appears timely). Exhibit 24.1 Power of Attorney is referenced.

Context
This was a vesting/award settlement of performance-based restricted stock units, not an open-market buy or a voluntary sale. The withholding of shares to satisfy tax obligations is a common administrative action and does not necessarily indicate a change in the insider’s view of the company.