Company: EPR-PE
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001045450-25-000068
Chunk: 44

Company: EPR PROPERTIES
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 44
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 as to provide a meaningful incentive, and

• Bonus opportunities are consistent with the overall compensation program established by our Compensation Committee.

#### 2025 Proxy StatementPage 42
The following table depicts the historical cash payout under our AlP as a percentage of target:

At the beginning of 2024, the Company identified three performance factors as key to furthering our strategic goals. As a result, the Compensation Committee decided to establish AIP metrics based on:

• FFO, as adjusted, per Share

• Investment spending, and

• Personal objectives for each executive.

Our Board of Trustees tracks FFO and growth in FFO, as adjusted, per Share on a regular basis, and, like many other REITs, considers growth in FFO, as adjusted, per Share to be one of the most important measures of Company performance. The National Association of Real Estate Investment Trusts developed FFO as a relative non-GAAP financial measure of performance of an equity REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO is a widely used measure of the operating performance of real estate companies.

The Compensation Committee established performance metrics designed to incent our executives to maximize growth under these metrics believing they would be important drivers of shareholder value.

Our Compensation Committee believes that growth in investment spending is a significant driver of the long-term success of the Company and that achievement of the NEOs personal goals drives achievement of the Company’s goals.

As a result, in February 2024, our Compensation Committee established minimum, target and maximum AIP performance award opportunities for 2024 (stated as a percentage of annual base salary) that may be paid to each NEO. Those stated opportunities are shown below:

|                      |     | Minimum |     | Target |     | Maximum |
| Gregory K. Silvers   |     | 75.0%   |     | 150.0% |     | 300.0%  |
| Mark A. Peterson     |     | 50.0%   |     | 100.0% |     | 200.0%  |
| Gregory E. Zimmerman |     | 52.5%   |     | 105.0% |     | 210.0%  |
| Paul R. Turvey       |     | 27.5%   |     | 55.0%  |     | 110.0%  |
| Tonya L. Mater       |