---
schema_version: "secwatch.filing_event.v1"
accession: "0001728951-26-000032"
form_type: "8-K/A"
ticker: "EPRT"
cik: "0001728951"
company_name: "ESSENTIAL PROPERTIES REALTY TRUST, INC."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:08:54.415636+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Essential Properties REIT enters employment agreement with CFO Salisbury; base $475K, target bonus 125%

## Summary
- Base salary of $475,000; minimum target annual bonus of 125% of base salary.
- Initial term through May 7, 2030, with automatic one-year renewals absent notice.
- Severance for without-Cause or Good Reason termination: 2x (base + avg 3-yr bonus) over 24 months; 3x over 36 months if within 24 months of Change in Control.
- Equity awards granted after Effective Date become fully vested on qualifying termination (death, disability, without-Cause, or Good Reason).
- 12-month post-termination restrictive covenants on non-competition and non-solicitation.

## SEC filing metadata
- accession: 0001728951-26-000032
- form_type: 8-K/A
- ticker: EPRT
- cik: 0001728951
- company_name: ESSENTIAL PROPERTIES REALTY TRUST, INC.
- filed_at: 2026-05-08T23:59:59+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/1728951/000172895126000032/0001728951-26-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728951/000172895126000032/eprt-20251216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728951-26-000032
- JSON: https://secwatch.observer/filing/0001728951-26-000032.json
- Plain text: https://secwatch.observer/filing/0001728951-26-000032.txt

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