Company: EPR-PE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001045450-25-000135
Chunk: 48

Company: EPR PROPERTIES
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 of contingently issuable shares are included in the computation of diluted earnings per share. The following shares have been excluded from the calculation of diluted earnings per share because they are anti-dilutive, or in the case of contingently issuable performance share units, are not probable of issuance: •The additional 2.3 million common shares that would result from the conversion of the Company’s 5.75% Series C cumulative convertible preferred shares and the corresponding add-back of the preferred dividends declared on those shares for both the three and nine months ended September 30, 2025 and 2024.

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•The additional 1.7 million common shares that would result from the conversion of the Company’s 9.0% Series E cumulative convertible preferred shares and the corresponding add-back of the preferred dividends declared on those shares for both the three and nine months ended September 30, 2025 and 2024.•Outstanding options to purchase 11 thousand common shares at per share prices ranging from $56.94 to $76.63 for the three and nine months ended September 30, 2025. •Outstanding options to purchase 57 thousand common shares at per share prices ranging from $44.44 to $76.63 for the three and nine months ended September 30, 2024. 

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

11.  Retirement of Executive Vice President and Chief Investment Officer

During the three months ended September 30, 2025, the Company's Executive Vice President and Chief Investment Officer, Greg Zimmerman, notified the Company of his intention to retire from his position in the first quarter of 2026. The role of Executive Vice President and Chief Investment Officer will be assumed by Ben Fox, who joined the Company in August of 2025. For the three months ended September 30, 2025, the Company recorded retirement and severance expense related to Mr. Zimmerman's expected retirement totaling $1.1 million, which included cash payments totaling $0.3 million and accelerated vesting of nonvested shares totaling $0.8 million. 

12. 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.