Four Corners (NYSE: FCPT) director gains 229 shares from dividends
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. (FCPT) director Charles Jemley reported an acquisition of 229 shares of Common Stock through dividend equivalent rights that accrued on a restricted stock unit award, pursuant to the award’s dividend reinvestment feature. Following this non-market transaction, Jemley directly holds 48,469 shares of FCPT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 229 shares
Net Buy
1 txn
Insider
Jemley Charles
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 229 | -- | -- |
Holdings After Transaction:
Common Stock — 48,469 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
Shares acquired: 229 shares
Shares owned after transaction: 48,469 shares
Restructuring-type shares: 229 shares
3 metrics
Shares acquired
229 shares
Dividend equivalent rights credited on restricted stock unit award
Shares owned after transaction
48,469 shares
Direct ownership of FCPT common stock following the Form 4 transaction
Restructuring-type shares
229 shares
Classified in summary data as restructuringShares under transaction code J
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
What did FCPT director Charles Jemley report in this Form 4 filing?
Charles Jemley reported acquiring 229 FCPT common shares via dividend equivalent rights tied to a restricted stock unit award, increasing his direct holdings to 48,469 shares after this non-market transaction.
Was the FCPT Form 4 transaction a market purchase or sale?
No, the Form 4 shows a non-market acquisition coded as "J" (other transaction). The 229 shares were received as dividend equivalent rights on a restricted stock unit, not bought or sold in the open market.
What does the dividend reinvestment feature mean for FCPT restricted stock units?
The dividend reinvestment feature causes cash dividends on FCPT to accrue as dividend equivalent rights on the restricted stock unit award. Each right is economically equal to one share and is settled in FCPT common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
