Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 87

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 87
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 - Full Value Awards at 1.5:1 |     |             |     |    383,295 |             |     |    507,180 |             |     |    642,373 |         |     |    510,949 |
| Total Shares Granted                                                                                                         |     |             |     |    383,295 |             |     |    507,180 |             |     |    642,373 |         |     |    510,949 |
| Basic Weighted Average Common Shares Outstanding                                                                             |     |             |     | 74,967,304 |             |     | 75,259,936 |             |     | 75,636,179 |         |     | 75,287,806 |
| Burn Rate - Annual Share Usage (1)                                                                                           |     |             |     |      0.51% |             |     |      0.67% |             |     |      0.60% |         |     |      0.59% |

(1) Represents Total Shares Granted divided by Basic Weighted Average Common Shares Outstanding.

The historical amounts shown above are not necessarily indicative of the shares that might be awarded in 2025 and beyond. If we continue making equity awards consistent with our practices over the past three years as set forth above, we estimate that the shares available for future awards, consisting of the increase of 2,000,000 shares to the share reserve if the Amended and Restated 2016 Equity Incentive Plan is approved, plus the shares remaining available for issuance under the 2016 Equity Incentive Plan ( 354,935 common shares at February 24, 2025), will be sufficient for awards for at least five years. While we believe this estimate is reasonable, there are a number of factors that could impact our future equity share usage. Among the factors that will impact our actual share usage are changes in market grant values, changes in the number of recipients, changes in our common share price, payout levels of performance-based awards, changes in the structure of our long-term incentive plan and forfeitures of outstanding awards.

As of February 24, 2025, we had approximately 1,033,818 common shares subject to outstanding equity awards. The 1,033,818 shares are comprised of 1,021,099 shares subject to full value awards (632,433 restricted common shares, 341,692 restricted performance share units and