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8-K/A2026-05-08· grok-4-1-fast-non-reasoning

EPRT · Essential Properties Realty Trust, Inc.

0001728951-26-000032

SEC filing

Summary

Essential Properties Realty Trust, Inc. filed an 8-K/A disclosing the employment agreement terms for Executive VP and CFO Robert W. Salisbury, effective May 7, 2026, detailing compensation and severance provisions.

Key takeaways

Full analysis

This 8-K/A amends the original filing to disclose detailed terms of the employment agreement for Robert W. Salisbury, who assumed the CFO role on January 1, 2026. The agreement formalizes his compensation structure, including a $475,000 base salary and a target bonus of 125% thereof, tied to performance targets set by the Compensation Committee. Eligibility for long-term incentives underscores alignment with shareholder interests. Severance provisions are robust, offering two times base plus recent average bonus (or three times base plus target during a change-in-control period), plus pro rata bonus, health benefits continuation, and full equity vesting acceleration. These terms provide retention incentives for the CFO while including 12-month non-compete, non-solicitation, and confidentiality protections post-termination, balancing executive security with company safeguards.