Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 49

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 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 September 30, 2025, there were 2,295,262 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 Granted301,096 50.38 Vested(265,675)43.37 Outstanding at September 30, 2025650,035 $46.07 1.00The 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 nine months ended September 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 $5.8 million and $5.2 million for the nine months ended September 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 $0.4 million and $0.7 million for nine months ended September 30, 2025 and 2024, respectively. At September 30, 2025, unamortized share-based compensation expense related to nonvested shares was $13.6 million.

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Nonvested Performance Share UnitsA summary of the Company's nonvested performance share unit activity and related information is as follows: Target Number of Performance Share UnitsWeighted avg. grant date fair value (1)Outstanding at December 31, 2024326,469 $59.44 Granted113,833 66.45 Vested (2)(98,610)72.63 Outstanding at September 30, 2025341,692 $57.97 (1) The grant date fair value was