Essential Properties Realty Trust enters employment agreements with COO and CIO through 2028

ESSENTIAL PROPERTIES REALTY TRUST, INC.

COO R. Max Jenkins and CIO A Joseph Peil each receive $385K base salary and minimum target annual bonus of 125% of base salary.
Initial term through March 24, 2028, with automatic one-year extensions unless either party gives 60-day non-renewal notice.
Severance includes 1x (base + avg bonus) for non-CIC termination; 2x (base + target bonus) for termination within 24 months after change in control.
Equity awards granted after March 24, 2025 will accelerate vesting upon qualifying termination.
Employment agreements include 6-month non-compete and non-solicitation covenants.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.