Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 88

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 88
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46,974 restricted share units) plus 12,719 shares subject to outstanding share options. The 1,033,818 shares comprised 1.4% of the Company’s basic weighted average common shares outstanding at February 24, 2025. The 2,000,000 new shares proposed to be added in the Amended and Restated 2016 Equity Incentive Plan share reserve would increase the fully diluted overhang percentage by an additional 3.0% to approximately 4.3% at February 24, 2025 (includ ing the 354,935 remaining shares authorized for issuance under the 2016 Equity Incentive Plan at February 24, 2025).

Additional information in respect of price, term and overhang by equity grant award type currently outstanding, as of February 24, 2025, is included in the following table:

|                                                       |     | Options |     |           | Restricted Common Shares, Restricted Performance Share Units and Restricted Share Units |     |           |
| Weighted Average Exercise Price/Grant Date Fair Value |     |         |     |    $63.93 |                                                                                         |     |    $49.69 |
| Weighted Average Remaining Recognition Period         |     |         |     | 3.9 years |                                                                                         |     | 1.7 years |
| Overhang of Currently Outstanding Awards              |     |         |     |        —% |                                                                                         |     |      1.4% |

In its determination to recommend that the Board approve the proposed Amended and Restated 2016 Equity Incentive Plan, the Compensation Committee reviewed the analysis prepared by FPC, its independent compensation consultant, which included the foregoing burn rate, dilution and overhang metrics, as well as peer

#### 2025 Proxy StatementPage 76
group market practices and trends, and the cost of the additional shares being added under the Amended and Restated 2016 Equity Incentive Plan. FPC’s analysis, which is based on generally accepted evaluation methodologies used by proxy advisory firms, concluded that the number of shares available for issuance under the Amended and Restated 2016 Equity Incentive Plan, including the proposed share increase, is well within generally accepted standards as measured by an analysis of the plan cost relative to industry standards.

In light of the factors described above, and the ability to continue to grant equity compensation, which is vital to our ability to continue to attract, retain and motivate