EPRT

SEC source: 0001728951-23-000008 · wf-form4_167409073676621.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 460,157

F1 · kind: Represents an adjustment to the shares subject to performance-based RSUs granted in 2019 and which vested on December 31, 2022 in connection with the payment of quarterly dividends to stockholders during 2022 pursuant to the terms and conditions of the underlying award agreement.

SEC source: 0001728951-22-000039 · wf-form4_164668757885644.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 439,170

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2022, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-22-000029 · wf-form4_164513266153333.xml · nonDerivative · entry 1

Earnshaw Timothy J · CIK 0001801339 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,484

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2022, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-22-000031 · wf-form4_164513278975821.xml · nonDerivative · entry 1

Patten Mark E · CIK 0001282528 · Executive VP, CFO & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,453

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2022, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-22-000027 · wf-form4_164513250273213.xml · nonDerivative · entry 1

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 255,224

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2022, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-22-000016 · wf-form4_164271420247262.xml · nonDerivative · entry 2

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 383,593

SEC source: 0001728951-22-000016 · wf-form4_164271420247262.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 433,891

F1 · kind: Represents shares acquired upon the achievement of the performance criteria underlying the award of performance-based restricted stock units granted to the reporting person in 2019, of which 50% were immediately vested upon certification of the achievement of the performance criteria and the remaining 50% will vest on December 31, 2022, subject to the reporting person's continued service through such date.

SEC source: 0001728951-22-000014 · wf-form4_164271402916703.xml · nonDerivative · entry 1

Patten Mark E · CIK 0001282528 · Executive VP, CFO & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 73,760

SEC source: 0001728951-22-000012 · wf-form4_164271386501066.xml · nonDerivative · entry 2

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 245,531

SEC source: 0001728951-22-000012 · wf-form4_164271386501066.xml · nonDerivative · entry 1

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 258,823

F1 · kind: Represents shares acquired upon the achievement of the performance criteria underlying the award of performance-based restricted stock units granted to the reporting person in 2019, of which 50% were immediately vested upon certification of the achievement of the performance criteria and the remaining 50% will vest on December 31, 2022, subject to the reporting person's continued service through such date.

SEC source: 0001728951-22-000006 · wf-form4_164194043452965.xml · nonDerivative · entry 1

Earnshaw Timothy J · CIK 0001801339 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,759

SEC source: 0001728951-22-000010 · wf-form4_164194083092673.xml · nonDerivative · entry 1

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 181,938

SEC source: 0001728951-22-000008 · wf-form4_164194055264675.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 241,671

SEC source: 0001728951-22-000004 · wf-form4_164159043157578.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 245,218

F1 · shares: Reflects a grant of restricted stock units that vest in fifty percent increments on each of the four-year and five-year anniversaries of the date of grant, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-21-000097 · wf-form4_163606140835070.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 210,532

SEC source: 0001728951-21-000084 · wf-form4_162871326157892.xml · nonDerivative · entry 1

Patten Mark E · CIK 0001282528 · Executive VP, CFO & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 74,279

SEC source: 0001728951-21-000071 · wf-form4_162525663889073.xml · nonDerivative · entry 1

Earnshaw Timothy J · CIK 0001801339 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,691

F1 · kind: The reporting person's sale of EPRT common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 442 shares, with the reporting person's purchase of 442 shares of EPRT common stock at a price of $22.50 per share on March 23, 2021. The reporting person has agreed to pay to EPRT, upon settlement of the sale, $2,046.74, representing the full amount of the profit realized in connection with the short-swing transaction.

F2 · shares: These shares were sold pursuant to a 10b5-1 plan to satisfy the reporting person's tax obligations incurred upon the vesting of 4,516 restricted shares on June 25, 2021.

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.89 to $27.20, inclusive. The reporting person undertakes to provide to Essential Properties Realty Trust, Inc., any security holder of Essential Properties Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).

SEC source: 0001728951-21-000075 · wf-form4_162525699067582.xml · nonDerivative · entry 1

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 183,346

F1 · shares: These shares were sold pursuant to a 10b5-1 plan to satisfy the reporting person's tax obligations incurred upon the vesting of 75,268 restricted shares on June 25, 2021.

F2 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.87 to $27.27, inclusive. The reporting person undertakes to provide to Essential Properties Realty Trust, Inc., any security holder of Essential Properties Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).

SEC source: 0001728951-21-000073 · wf-form4_162525680294212.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 215,471

F1 · shares: These shares were sold pursuant to a 10b5-1 plan to satisfy the reporting person's tax obligations incurred upon the vesting of 96,775 restricted shares on June 25, 2021.

F2 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $26.87 to $27.26, inclusive. The reporting person undertakes to provide to Essential Properties Realty Trust, Inc., any security holder of Essential Properties Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).

SEC source: 0001728951-21-000059 · wf-form4_162206052302733.xml · nonDerivative · entry 1

Neary Heather Leed · CIK 0001801341 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,146

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001728951-21-000057 · wf-form4_162206038150988.xml · nonDerivative · entry 1

Minich Lawrence J · CIK 0001801383 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,046

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001728951-21-000061 · wf-form4_162206068064562.xml · nonDerivative · entry 1

Sautel Stephen D · CIK 0001743606 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 264,181

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001728951-21-000055 · wf-form4_162206015970870.xml · nonDerivative · entry 1

ESTES SCOTT A · CIK 0001242824 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 86,843

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001728951-21-000053 · wf-form4_162205994909197.xml · nonDerivative · entry 1

Sivanesan Janaki · CIK 0001429111 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,546

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001728951-21-000051 · wf-form4_162205977771608.xml · nonDerivative · entry 1

DeLucca Joyce · CIK 0001744135 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,843

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001728951-21-000049 · wf-form4_162205949943634.xml · nonDerivative · entry 1

Bossidy Paul T · CIK 0001335108 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,843

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001728951-21-000034 · wf-form4_161659732412432.xml · nonDerivative · entry 1

Earnshaw Timothy J · CIK 0001801339 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,947

SEC source: 0001728951-21-000032 · wf-form4_161651498054062.xml · nonDerivative · entry 1

Patten Mark E · CIK 0001282528 · Executive VP, CFO & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 80,893

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $22.55 to $22.75, inclusive. The reporting person undertakes to provide to Essential Properties Realty Trust, Inc., any security holder of Essential Properties Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1).

SEC source: 0001728951-21-000030 · wf-form4_161610078260090.xml · nonDerivative · entry 1

Patten Mark E · CIK 0001282528 · Executive VP, CFO & Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 79,893

SEC source: 0001728951-21-000021 · wf-form4_161420277844406.xml · nonDerivative · entry 1

Earnshaw Timothy J · CIK 0001801339 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 27,505

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2021, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-21-000023 · wf-form4_161420308097021.xml · nonDerivative · entry 1

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 214,504

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2021, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-21-000019 · wf-form4_161420254712583.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 264,293

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2021, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-21-000017 · wf-form4_161420196463624.xml · nonDerivative · entry 1

Patten Mark E · CIK 0001282528 · Executive VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 77,893

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, third and fourth anniversaries of January 18, 2021, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001728951-21-000006 · wf-form4_161049034686910.xml · nonDerivative · entry 2

Earnshaw Timothy J · CIK 0001801339 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,249

F1 · shares: These shares were sold pursuant to a 10b5-1 plan to satisfy the reporting person's tax obligations incurred upon the vesting of 823 restricted shares on January 8, 2021.

SEC source: 0001728951-21-000004 · wf-form4_161048998694388.xml · nonDerivative · entry 2

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,610

F1 · shares: These shares were sold pursuant to a 10b5-1 plan to satisfy the reporting person's tax obligations incurred upon the vesting of 2,205 restricted shares on January 8, 2021.

SEC source: 0001728951-21-000006 · wf-form4_161049034686910.xml · nonDerivative · entry 1

Earnshaw Timothy J · CIK 0001801339 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,525

SEC source: 0001728951-21-000008 · wf-form4_161049053682493.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 208,714

SEC source: 0001728951-21-000004 · wf-form4_161048998694388.xml · nonDerivative · entry 1

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 201,366

SEC source: 0001728951-20-000035 · wf-form4_160529781625612.xml · nonDerivative · entry 1

ESTES SCOTT A · CIK 0001242824 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 84,448

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $18.63 to $19.50, inclusive. The reporting person undertakes to provide to Essential Properties Realty Trust, Inc., any security holder of Essential Properties Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1).

SEC source: 0001801341-20-000002 · wf-form4_160518357483447.xml · nonDerivative · entry 1

Neary Heather Leed · CIK 0001801341 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,751

SEC source: 0001728951-20-000011 · wf-form4_159725868767024.xml · nonDerivative · entry 1

Patten Mark E · CIK 0001282528 · Executive VP and CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,814

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, and third anniversaries of the date of grant, subject to the reporting person's continued employment by the Issuer through the applicable vesting date.

SEC source: 0001209191-20-042679 · doc4.xml · nonDerivative · entry 1

Neary Heather Leed · CIK 0001801341 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,251

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, and third anniversaries of January 24, 2020, subject to the reporting person's continued service on the Issuer's board of directors through the applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001209191-20-042676 · doc4.xml · nonDerivative · entry 1

Minich Lawrence J · CIK 0001801383 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,651

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, and third anniversaries of January 24, 2020, subject to the reporting person's continued service on the Issuer's board of directors through the applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001209191-20-042682 · doc4.xml · nonDerivative · entry 1

Sivanesan Janaki · CIK 0001429111 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,151

F1 · shares: Reflects a grant of restricted stock units that vest ratably on the first, second, and third anniversaries of January 24, 2020, subject to the reporting person's continued service on the Issuer's board of directors through the applicable vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001209191-20-040028 · doc4.xml · nonDerivative · entry 1

Seibert Gregg A · CIK 0001307830 · Executive VP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 202,010

F1 · shares: These shares were sold pursuant to a 10b5-1 plan to satisfy the reporting person's tax obligations incurred upon the vesting of 75,269 restricted shares on June 25, 2020.

F2 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.80 to $15.00, inclusive. The reporting person undertakes to provide to Essential Properties Realty Trust, Inc., any security holder of Essential Properties Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).

SEC source: 0001209191-20-040026 · doc4.xml · nonDerivative · entry 1

Mavoides Peter M. · CIK 0001547475 · Director · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 210,235

F1 · shares: These shares were sold pursuant to a 10b5-1 plan to satisfy the reporting person's tax obligations incurred upon the vesting of 96,774 restricted shares on June 25, 2020.

F2 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $14.80 to $15.00, inclusive. The reporting person undertakes to provide to Essential Properties Realty Trust, Inc., any security holder of Essential Properties Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2).

SEC source: 0001209191-20-039370 · doc4.xml · nonDerivative · entry 2

Neary Heather Leed · CIK 0001801341 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,920

F2 · shares: Reflects a grant of common stock for board service from January 24, 2020 through April 30, 2020.

SEC source: 0001209191-20-039370 · doc4.xml · nonDerivative · entry 1

Neary Heather Leed · CIK 0001801341 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,931

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.

SEC source: 0001209191-20-039369 · doc4.xml · nonDerivative · entry 2

Minich Lawrence J · CIK 0001801383 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,320

F2 · shares: Reflects a grant of common stock for board service from January 24, 2020 through April 30, 2020.

SEC source: 0001209191-20-039369 · doc4.xml · nonDerivative · entry 1

Minich Lawrence J · CIK 0001801383 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,331

F1 · shares: Reflects a grant of restricted stock units that vest on the earlier of (i) the first anniversary of the date of grant and (ii) the first annual meeting of the Issuer's stockholders that occurs after the date of grant, subject to the reporting person's continued service on the Issuer's board of directors through the vesting date. Each restricted stock unit represents a contingent right to receive one share of common stock, $0.01 par value per share, of the Issuer.