Company: EPR-PE
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001045450-25-000051
Chunk: 175

Company: EPR PROPERTIES
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 175
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 the year ended December 31, 2020 were not achieved.Restricted Share UnitsA summary of the Company’s restricted share unit activity and related information is as follows:Number ofSharesWeighted Average Grant Date Fair ValueWeighted Average Life RemainingOutstanding at December 31, 202342,048 $41.67 Granted45,410 40.69 Vested(42,048)41.67 Outstanding at December 31, 202445,410 $40.69 0.42The holders of restricted share units receive dividend equivalents from the date of grant. Total expense recognized related to shares issued to non-associate Trustees and included in "General and administrative expense" in the accompanying consolidated statements of income and comprehensive income was $1.8 million, $1.9 million and $2.2 million for the years ended December 31, 2024, 2023 and 2022, respectively. At December 31, 2024, unamortized share-based compensation expense related to restricted share units was $794 thousand, which will be recognized in 2025.

Share Options

Share options have exercise prices equal to the fair market value of a common share at the date of grant and have a term of 10 years. The Company generally issues new common shares upon option exercise. A summary of the Company’s share option activity and related information is as follows:

 Number ofsharesOption priceper shareWeighted avg.exercise priceOutstanding at December 31, 2021108,671 $44.44 — $76.63 $56.79 Exercised(12,559)44.62 — 47.15 46.43 Outstanding at December 31, 202296,112 $44.44 — $76.63 $58.15 Forfeited/Expired(14,921)46.86 — 61.79 52.68 Outstanding at December 31, 202381,191 $44.44 — $76.63 $59.16 Forfeited/Expired(23,752)51.64 — 51.64 51.64 Outstanding at December 31, 202457,439 $44.44 — $76.63 $62.26 

No options were granted during the years ended December 31,