Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 172

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 172
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 million and $7.9 million for the years ended December 31, 2024, 2023 and 2022, respectively. Expense related to nonvested shares and included in "Retirement and severance expense" in the accompanying consolidated statements of income and comprehensive income was $0.7 million and $0.4 million for the years ended December 31, 2024 and 2023, respectively. At December 31, 2024, unamortized share-based compensation expense related to nonvested shares was $9.6 million and will be recognized in future periods as follows (in thousands): AmountYear:2025$5,254 20263,078 20271,246 Total$9,578 Nonvested Performance Share UnitsA summary of the Company's nonvested performance share unit activity and related information is as follows: Number ofPerformance Share UnitsWeighted avg. grant date fair value (1)Outstanding at December 31, 2023312,641 $70.04 Granted116,266 44.76 Vested (2)(102,438)75.14 Outstanding at December 31, 2024326,469 $59.44 (1) The grant date fair value was determined utilizing (i) a Monte Carlo simulation model to generate an estimate of the Company's future stock price over the three-year performance period for performance share units based on the Company's Total Shareholder Return (TSR) performance further described below and (ii) the Company's grant date fair value for performance share units based on the Company's Compounded Annual Growth Rate (CAGR) in AFFO per share over the three-year performance period.  (2) The achievement of the performance conditions for the performance share units granted during the year ended December 31, 2021 resulted in a performance payout percentage of 250% for both the Company's TSR relative to 

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EPR PROPERTIES Notes to Consolidated Financial StatementsDecember 31, 2024, 2023 and 2022

the TSRs of the Company's peer group companies and the Company's TSR relative to the TSRs of companies in the MSCI US REIT Index and a payout percentage of 200% for the Company's CAGR in AFFO per share over the three-year performance period. The achievement of the performance conditions and the above payout percentages resulted in the issuance of 243,290 common