Four Corners director acquires 150 dividend shares

FCPT director Toni S. Steele received 150 additional shares via dividend-equivalent rights on a restricted stock unit award, bringing direct holdings to 31,596 shares.

Rhea-AI Filing Summary

Four Corners Property Trust, Inc. (FCPT) director Toni S. Steele reported an acquisition of 150 shares of common stock on September 15, 2026. The filing explains these shares represent dividend equivalent rights that accrued on a restricted stock unit award and are settled in common stock. Following this transaction, Steele directly holds 31,596 shares of FCPT common stock. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Other: 150 shares

Other 1 txn

Insider Steele Toni S

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock F1	150	--	--

Holdings After Transaction: Common Stock — 31,596 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the award. Each dividend equivalent right is the economic equivalent of one share of the registrant's common stock and is settled in common stock.

Key Figures

Shares acquired: 150 shares Shares owned after transaction: 31,596 shares Transaction code: Code J (Other acquisition or disposition)

3 metrics

Shares acquired 150 shares Dividend equivalent rights credited on September 15, 2026

Shares owned after transaction 31,596 shares Direct holdings of Toni S. Steele following the reported transaction

Transaction code Code J (Other acquisition or disposition) Form 4 transaction classification for the 150-share entry

Key Terms

dividend equivalent rights, restricted stock unit award, dividend reinvestment feature

3 terms

dividend equivalent rights financial

"Represents dividend equivalent rights that accrued on a restricted stock unit award"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock unit award financial

"accrued on a restricted stock unit award pursuant to the dividend reinvestment feature"

A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.

dividend reinvestment feature financial

"pursuant to the dividend reinvestment feature of the award"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FCPT director Toni S. Steele report?

Toni S. Steele reported an acquisition of 150 shares of Four Corners Property Trust common stock on September 15, 2026. These shares relate to dividend equivalent rights on a restricted stock unit award and are settled in common stock.

How many FCPT shares does Toni S. Steele hold after this Form 4 transaction?

After the reported transaction, Toni S. Steele directly holds 31,596 shares of Four Corners Property Trust common stock, as stated in the Form 4 filing.

What is the nature of the 150 FCPT shares acquired by Toni S. Steele?

The 150 shares represent dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature. Each right is the economic equivalent of one share and is settled in common stock.

Was the FCPT insider transaction made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that the transaction was made under a Rule 10b5-1 trading plan.

Is the 150-share FCPT transaction a market purchase or sale?

No. The transaction is coded as an “other” acquisition and the footnote states it represents dividend equivalent rights on a restricted stock unit award, rather than an open-market purchase or sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 05:01 PM Accepted by SEC EDGAR 09/16/2026 - 05:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Steele Toni S

(Last) (First) (Middle)

C/O FOUR CORNERS PROPERTY TRUST, INC.

591 REDWOOD HIGHWAY, SUITE 3215

(Street)

MILL VALLEY CALIFORNIA 94941

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Four Corners Property Trust, Inc. [ FCPT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2026		J		150(1)	A	(1)	31,596	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the award. Each dividend equivalent right is the economic equivalent of one share of the registrant's common stock and is settled in common stock.

	/s/ James L. Brat as Attorney-in-Fact for Toni Steele	09/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)