Essential Properties (EPRT) CFO Robert Salisbury Receives 67,476 LTIP Units

What Happened Robert Webb Salisbury, Executive Vice President, Chief Financial Officer and Chief Strategy Officer of Essential Properties Realty Trust, Inc. (EPRT), was granted 67,476 LTIP Units on September 9, 2026. The units were awarded at $0 and are derivative awards that represent a contingent right to receive OP Units (limited partnership units of Essential Properties, L.P.) which may be exchanged one-for-one for the company’s common stock (subject to anti-dilution adjustments) or redeemed for cash at the company's election.

Key Details

• Transaction type: Award/Grant (code A) of 67,476 LTIP Units on 2026-09-09; grant price $0.00.
• These LTIP Units vest in two equal installments: one-half on the third anniversary (9/9/2029) and one-half on the fourth anniversary (9/9/2030), subject to continued employment. There is no expiration date.
• LTIP Units convert to OP Units upon vesting, and OP Units are redeemable for cash or exchangeable for common stock at a 1:1 ratio (see footnotes).
• Shares owned after the transaction: not specified in this filing.
• Filing status/timeliness: Reported on Form 4 filed 2026-09-10 for a 2026-09-09 grant — appears timely.
• Other: Exhibit 24.1 Power of Attorney referenced (incorporated by reference).

Context This was a compensation/retention award (derivative LTIP Units), not a cash purchase or a sale. Such grants are common for senior executives and are typically intended to align long-term incentives with shareholders; they do not by themselves indicate an immediate buy or sell signal. The units only convert into OP Units (and potentially common stock) if and when they vest per the stated schedule.