Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 40

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 40
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 encourage retention through unvested equity grants that vest equally over four years. |     | Equity-based compensation focusing on total shareholder return relative to other REITs over multiple years, earnings growth as measured by our AFFO per Share over multiple years and executive retention.                                                                |     | Page45     |
| Health and Welfare Benefits                                             |     | Offers market-competitive benefits, thus supporting our attraction and retention objectives.                                                                                                                                                                                                                                                                                                                                                                     |     | Benefits for executives are generally the same as those available to all employees, including a 401(k) plan with matching Company contributions, health, disability and life insurance, except for a term life insurance benefit and executive physicals discussed below. |     | Page49     |
| Perquisites                                                             |     | Provides benefits that are market-competitive to support our attraction and retention objectives.                                                                                                                                                                                                                                                                                                                                                                |     | Perquisites are not a material component of our executive compensation program and are reviewed annually for reasonableness.                                                                                                                                              |     | Page50     |
| Severance Benefits                                                      |     | Provides a severance benefit that is consistent with market practices and supports our attraction and retention objectives.                                                                                                                                                                                                                                                                                                                                      |     | Under our severance plan, our CEO and the other NEOs are qualified for certain cash severance benefits that are triggered by permanent disability, termination without cause and termination by the executive for good reason.                                            |     | Page60     |

Approximately 88% of our CEO’s compensation and approximately 78% of our other NEOs’ executive compensation is variable pay under the AIP and LTI, which allows the Compensation Committee to reward good performance and penalize poor performance.

• The AIP evaluates performance over a short-term based on the achievement of financial, operational, and strategic performance metrics and the executive’s personal performance objectives. The performance metrics and personal objectives are established at the beginning of each year. For 2024, the Compensation Committee established performance metrics based on FFO, as adjusted, per Share, investment spending, and achievement of personal objectives, which are key factors driving the Company’s performance.

#### 2025 Proxy StatementPage 39
• Performance bonuses awarded under the AIP are payable in cash, unvested restricted common shares, or a combination of cash and unvested restricted common shares, at the election of the executive. We incent executives to elect to receive AIP awards in unvested restricted common shares by valuing the equity award at an amount equal to 150% of the cash amount the executive otherwise would have received