Peter M. Mavoides

President and Chief Executive Officer at ESSENTIAL PROPERTIES REALTY TRUST

Board

Since 2018

Age

58 years

Education

Holds a B.S. from the United States Military Academy and an M.B.A. from the University of Michigan.

Tenure

Served as the President and Chief Executive Officer at Essential Properties Realty Trust since 2018, having joined its predecessor in March 2016.

Also at ESSENTIAL PROPERTIES REALTY TRUST

AJP

A Joseph Peil

Executive Vice President and Chief Investment Officer

MEP

Mark E. Patten

Executive Vice President, Chief Financial Officer, and Treasurer

RMJ

R. Max Jenkins

Executive Vice President and Chief Operating Officer

About

Peter M. Mavoides is a seasoned executive in the real estate and finance sectors, having built his career through leadership roles at several prominent companies.

He led significant transformations at Sovereign and Spirit Realty Capital, where he structured billions of dollars in net lease investments and played a pivotal role in expanding these organizations.

Since joining the predecessor of Essential Properties Realty Trust in March 2016, he has steered the company as its President and Chief Executive Officer since 2018, demonstrating a robust track record in corporate growth and strategic management.

$EPRT Performance Under Peter M. Mavoides

Past Roles

Organization	Role	Date Range	Details
Essential Properties Realty Trust LLC (EPRT LLC)	President and Chief Executive Officer	March 2016 - June 2018	Later became the operating partnership in connection with the June 2018 IPO
Spirit Realty Capital, Inc.	President and Chief Operating Officer	September 2011 - February 2015	Transformed the company from a private enterprise (approximately $3.2B in assets, 37 employees at IPO) to a public company (approximately $8.0B in assets, over 70 employees), leading investments across 150+ transactions with an aggregate purchase price of nearly $2.0B and an average investment per property of $2.6M
Sovereign	President and Chief Executive Officer	May 2003 - January 2011	Grew the firm from a startup to a leading net-lease investor with over $1.0B invested in net lease transactions, instrumental in structuring approximately $4.0B in net lease assets
Eastdil Realty (subsidiary of Wells Fargo Bank)	Employee	N/A	Worked on structuring sale-leaseback transactions
Citigroup	Employee in the banking group	N/A	Focused on structuring sale-leaseback transactions

Fixed Compensation

Data from FY 2024

Component Name	Amount ($)	Payment Schedule	Additional Details
Salary	750,000	Annually	Base salary adjusted based on competitive market data; below 25th percentile of peer group.
Bonus	1,600,000	Annual Cash Bonus	Earned based on weighted achievement of corporate and individual performance metrics; represents 142% of target bonus (Target: 1,125,000, Threshold: 375,000, Max: 1,875,000).
Nonqualified Deferred Compensation Earnings	0	N/A	No earnings reported.
All Other Compensation	31,000	N/A	Includes miscellaneous compensation; further details not specified.

Performance Compensation

Data from FY 2024

Stock Awards

Metric	Details
Grant Date	February 16, 2024
Grant Date Fair Value	Performance-Based RSUs: $3,250,000 ; Time-Based RSUs: $1,419,000
RSU Breakdown	Threshold: 43,406 RSUs ; Target: 86,812 RSUs ; Maximum: 217,030 RSUs
Vesting Schedule	Performance-Based RSUs: 50% vest on December 31, 2026 and 50% on December 31, 2027 ; Time-Based RSUs: Vest annually over 4 years on each anniversary of January 18, 2024
Vesting Conditions	Performance RSUs vest on achieving TSR relative to the 2024 TSR Peer Group ; Time RSUs vest subject to continued employment

Non-Equity Incentive Plan Compensation

Metric	Details
Performance Metrics & Weightings	AFFO Per Share: 25%; Gross Investments: 15%; Same Store Rent Growth: 15%; Net Debt-to-Annualized Adjusted EBITDA Ratio: 15%; ESG: 5%; Individual Performance: 25%
Payout Opportunities	Threshold: 50%; Target: 150%; Maximum: 250%
Grant Date	February 13, 2024
Grant Date Fair Value	$1,289,000
Vesting Schedules	Time-Based RSUs: Vest annually over 4 years on each anniversary of January 18, 2024 ; Performance-Based RSUs: Vest at end of a 3-year period ending December 31, 2026 (with potential additional vesting on December 31, 2027)
Additional Conditions	For Performance RSUs, vesting is contingent on achieving pre-established TSR goals relative to the 2024 TSR Peer Group; Time-based awards vest subject to continued employment; Grant date stock price is not explicitly provided