---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-25-000064"
form_type: "8-K"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:10:49.976357+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001728951-25-000064
- form_type: 8-K
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728951/000172895125000064/0001728951-25-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895125000064/eprt-20250324.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-25-000064
- JSON: https://secwatch.observer/filing/0001728951-25-000064.json
- Plain text: https://secwatch.observer/filing/0001728951-25-000064.txt

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