Company: EPR-PE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001045450-25-000120
Chunk: 43

Company: EPR PROPERTIES
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 prices ranging from $44.44 to $76.63 for the three and six months ended June 30, 2024. 

•The effect of 116 thousand contingently issuable performance share units granted during 2024 for the three and six months ended June 30, 2024. 

11. Equity Incentive Plans

The Company issues equity awards under the 2016 Equity Incentive Plan, which may be in the form of restricted common shares, restricted share units, performance share units or other share-based awards. On May 6, 2025, the Company amended the 2016 Equity Incentive Plan by shareholder vote to increase the maximum number of authorized shares issuable under the plan from 3,950,000 shares to 5,950,000 shares. At June 30, 2025, there were 2,312,596 shares available for issuance under the 2016 Equity Incentive Plan. Nonvested SharesA summary of the Company’s nonvested share activity and related information is as follows:Number of sharesWeighted avg. grant date fair valueWeighted avg. life remainingOutstanding at December 31, 2024614,614 $42.79 Granted283,494 50.21 Vested(265,675)43.37 Outstanding at June 30, 2025632,433 $45.87 1.32The holders of nonvested shares have voting rights and receive dividends from the date of grant. The fair value of the nonvested shares that vested was $11.8 million and $13.7 million for the six months ended June 30, 2025 and 2024, respectively. Expense recognized related to nonvested shares and included in "General and administrative expense" in the accompanying consolidated statements of income and comprehensive income was $3.9 million and $3.4 million for the six months ended June 30, 2025 and 2024, 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 for the six months ended June 30, 2024. At June 30, 2025, unamortized share-based compensation expense related to nonvested shares was $15.0 million.Nonvested Performance Share UnitsA summary of the Company's nonvested