Peil A Joseph 4

What Happened

• Peil A Joseph, Executive Vice President and Chief Investment Officer of Essential Properties Realty Trust, Inc. (EPRT), was granted 176 shares as an award (performance-based restricted stock units) on 2026-07-14. The reported acquisition price is $0.00 (no cash paid).
• This grant is an adjustment to performance-based RSUs originally granted in 2023 and will vest on December 31, 2026 subject to the payment of quarterly dividends for Q2 2026 pursuant to the award agreement. This is a grant/award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-07-14; filing date: 2026-07-15 (timely filing).
• Shares granted/acquired: 176; reported price per share: $0.00; aggregate value shown: $0.
• Shares owned after the transaction: Not specified in the Form 4 filing.
• Footnote: Adjustment to 2023 performance-based RSUs that will vest Dec 31, 2026 if dividend conditions are met.
• Remark: Exhibit 24.1 (Power of Attorney) is incorporated by reference.

Context

• Performance-based RSUs are awards that convert to shares if specified performance or other vesting conditions (here, dividend-related) are met; they are not an immediate market purchase and do not by themselves signal buying or selling intent.
• Because this is a company-awarded RSU adjustment with no cash paid, it reflects compensation/award mechanics rather than an insider acquiring shares on the open market.