secwatch.observer — SEC 8-K summary
======================================

Issuer:     ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT)
CIK:        0001728951
Form:       8-K/A
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001728951-26-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1728951/000172895126000032/0001728951-26-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1728951/000172895126000032/eprt-20251216.htm
  HTML page:      https://secwatch.observer/filing/0001728951-26-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer