Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 84

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 84
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 the Company’s 2016 Equity Incentive Plan to: (i) increase the number of authorized shares issuable under the plan from 3,950,000 shares to 5,950,000 shares; and (ii) extend the term of the plan from May 28, 2031 to May 6, 2035. We believe that the 2016 Equity Incentive Plan continues to be an important component of our executive compensation program and that the Company’s long-term success is dependent upon our ability to attract, retain and motivate employees and non-employee trustees of high caliber and potential. We believe that increased ownership of our common shares by executives, key employees and non-employee trustees increases shareholder value by more closely aligning the interests of those individuals with the interests of our shareholders, encouraging greater focus on the Company’s long-term growth and profitability and the performance of the Company’s common shares.

If approved by shareholders, the amendments to the 2016 Equity Incentive Plan will be effected through an amendment and restatement of the plan effective as of May 6, 2025. A copy of the amended and restated 2016 Equity Incentive Plan (the “Amended and Restated 2016 Equity Incentive Plan”) is attached as Appendix A to this Proxy Statement.

Generally, the proposed Amended and Restated 2016 Equity Incentive Plan is the same as last approved by our shareholders on May 28, 2021, except for: (i) a proposed increase in the number of authorized shares to be issued under the plan from 3,950,000 shares to 5,950,000 shares; and (ii) an extension of the term of the plan from May 28, 2031 to May 6, 2035. As of February 28, 2025, there were 354,935 of our common shares remaining available for the grant of equity awards under the plan. If the Amended and Restated 2016 Equity Incentive Plan is approved by our shareholders, the maximum number of common shares available for issuance under the plan will be 2,000,000 shares, plus any common shares remaining available for the grant of equity awards under the plan prior to the approval of the Amended and Restated 2016 Equity Incentive Plan ( 354,935 common shares at February 28, 2025), in each case, subject to certain adjustments as discussed below. If the Amended