EPR PROPERTIES — Director's Dealing 2022

May 31, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPR PROPERTIES (EPR)
CIK: 0001045450
Period of Report: 2022-05-27

Reporting Person: BROWN PETER C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-27	Common Shares	M	4137	—	Acquired	16782	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-27	Restricted Share Unit	$	M	4137	Disposed	2022-05-27	Common Shares (4137)	Direct
2022-05-27	Restricted Share Unit	$	A	1303	Acquired		Common Shares (1303)	Direct
2022-05-27	Restricted Share Units	$	A	2509	Acquired		Common Shares (2509)	Direct

Footnotes

F1: Each Restricted Share Unit represents a contingent right to receive one share of the Issuer's common shares.

F2: Restricted Share Units were issued to Reporting Person's Annual Trustee Retainer fee. Each Restricted Share Unit represents a contingent right to one share of the Issuer's Common Shares.

F3: Subject to certain exceptions, the vesting date for Restricted Share Units is the earlier (a) the close of business on the day preceding the first annual meeting of shareholders after the date of grant, or (b) a Change of Control (as defined in the 2016 Equity Incentive Plan). Settlement and delivery of common shares subject to vested Restricted Share Units are made pursuant to instructions provided to the Company by the Reporting Person prior to the date of grant.

F4: Restricted Share Units were issued to the Reporting Person pursuant to Company's Equity Incentive Plan. Each Restricted Share Unit represents a contingent right to receive one share of the Issuer's common shares.