Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 47

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 47
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 common shares that vest at the rate of 33 1/3 % per year during a three-year period. Ms. Mater elected to receive 25% of her performance bonus in the form of cash. For purposes of determining the total number of unvested restricted common shares awarded under the AIP, unvested restricted common shares were valued on the date the award was granted in the first quarter of 2025, using the volume weighted average of the closing price on ten trading days, consisting of the five trading days ending on, and the five trading days after, December 31, 2024, which was $44.45.

#### Long-Term Incentive Program
Our LTI is designed to align our executives’ and our shareholders’ interests of creating long-term value and to motivate our executives to achieve superior performance by taking into account multiple performance metrics on a forward-looking basis. The restricted common shares and PSUs granted under the LTI are issued under the Company’s 2016 Equity Incentive Plan.

The objectives of the LTI are to:

• Reward achievement over a three-year period,

• Align the interests of our NEOs and shareholders by focusing on metrics that drive shareholder value, and

• Incent retention through multi-year vesting and award opportunities.

Under the LTI, awards are made in the form of:

• Time-vested restricted shares, and

• PSUs.

#### 2025 Proxy StatementPage 45
The following table describes the design features and purposes of the time-vested restricted share grants and the PSU awards:

| Award             |     | Design Feature                                                                                                                                                                                                                                   |     | Purpose                                                                                                                                                                                 |
| Restricted Shares |     | Vest annually over a four-year period, subject to the NEO’s continued employment.(1)                                                                                                                                                             |     | Talent retention and align the interests of our executives with the interests of our shareholders.                                                                                      |
| PSUs              |     | Earned based on the achievement of multi-year performance targets established by the Compensation Committee. NEOs are issued actual common shares at the end of the three-year performance period, subject to the NEO’s continued employment.(1) |     | Incentivize our NEOs based on long-term performance and shareholder value creation, talent retention, and align the interests of our executives with the interests of our shareholders. |

(1) Subject to our Employee Severance Plan, discussed below.

#### Grant of Share Awards in 2024
Our Compensation Committee sets opportunities under our LTI using target