---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-24-000148"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:21:50.492003+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Essential Properties Realty Trust amends CFO Mark Patten's employment agreement through Dec 2028

## Summary
- Base salary floor of $520,000 per year; minimum target annual bonus set at 125% of base salary.
- Initial term runs to Dec 31, 2028, with automatic one-year renewals unless notice given.
- Severance on termination w/o cause or for good reason: 1x (base + avg 3-yr bonus) or 2x (base + target) if within 24 mo of change in control.
- Equity awards granted after this agreement fully vest on qualifying termination.
- Includes 12-month non-compete and non-solicit covenants plus confidentiality and non-disparagement obligations.

## SEC filing metadata
- accession: 0001728951-24-000148
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728951/000172895124000148/0001728951-24-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895124000148/eprt-20241003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-24-000148
- JSON: https://secwatch.observer/filing/0001728951-24-000148.json
- Plain text: https://secwatch.observer/filing/0001728951-24-000148.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.