Four Corners (NYSE: FCPT) director adds 847 dividend-equivalent shares
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. director Ogilvie Marran H. reported an adjustment involving 847 shares of common stock coded as an “other” transaction. According to the footnote, these represent dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature. Following this accrual, the director holds 66,358 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 847 shares
Net Buy
1 txn
Insider
Ogilvie Marran H.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 847 | -- | -- |
Holdings After Transaction:
Common Stock — 66,358 shares (Direct)
Footnotes (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
Dividend equivalent rights accrued: 847 shares
Shares held after transaction: 66358 shares
Restructuring transaction shares: 847 shares
3 metrics
Dividend equivalent rights accrued
847 shares
Rights accrued on a restricted stock unit award via dividend reinvestment
Shares held after transaction
66358 shares
Common stock directly owned by Ogilvie Marran H. following the adjustment
Restructuring transaction shares
847 shares
Shares involved in a code J “other” restructuring-type transaction
Key Terms
dividend equivalent rights, restricted stock unit, dividend reinvestment feature, economic equivalent
4 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 financial
"accrued on a restricted stock unit award pursuant to the dividend reinvestment feature"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend reinvestment feature financial
"pursuant to the dividend reinvestment feature of the award"
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FCPT director Ogilvie Marran H. report?
FCPT director Ogilvie Marran H. reported an adjustment of 847 shares of common stock. These shares reflect dividend equivalent rights that accrued on an existing restricted stock unit award, leaving the director with 66,358 shares held directly after the transaction.
What are dividend equivalent rights in FCPT’s equity awards?
Dividend equivalent rights give holders economic value equal to company dividends on underlying awards. For FCPT, each right is the economic equivalent of one share of common stock and is settled in common stock, accruing on a restricted stock unit award via dividend reinvestment.
Does this FCPT Form 4 show any option exercises or derivative trades?
No option exercises or derivative trades are reported. The transaction involves common stock only, with 847 dividend equivalent rights accruing on a restricted stock unit award and no derivative transactions listed in the derivative transaction or holdings summary.