Four Corners COO acquires 250 dividend shares

Four Corners Property Trust, Inc. (FCPT) reported that Chief Operations Officer James L. Brat acquired 250 shares of common stock-equivalent rights on September 15, 2026, through award features.

Rhea-AI Filing Summary

Four Corners Property Trust, Inc. (FCPT) reported that Chief Operations Officer James L. Brat acquired 250 shares of common stock-equivalent rights on September 15, 2026, through award features. This included 90 dividend equivalent rights on a restricted stock unit award and 160 shares from dividends on a restricted stock award, all settled in common stock.

Insider Trade Summary

Other: 250 shares

Other 2 txns

Insider Brat James L

Role Chief Operations Officer

Type	Security	Shares	Price	Value
Other	Common Stock F1	90	--	--
Other	Common Stock F2	160	--	--

Holdings After Transaction: Common Stock — 137,936 shares (Direct)

Footnotes (2)

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.
2. F2. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.

Key Figures

Dividend equivalent rights acquired: 90 shares Dividend shares on restricted stock award: 160 shares Total common stock-equivalent rights acquired: 250 shares

3 metrics

Dividend equivalent rights acquired 90 shares Accrued on a restricted stock unit award on September 15, 2026

Dividend shares on restricted stock award 160 shares Dividends accrued on a restricted stock award on September 15, 2026

Total common stock-equivalent rights acquired 250 shares Combined J-code acquisitions reported for September 15, 2026

Key Terms

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

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"

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"

restricted stock award financial

"Represents dividend that accrued on a restricted stock award"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

FAQ

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

What insider transaction did FCPT report for James L. Brat on September 15, 2026?

FCPT reported that Chief Operations Officer James L. Brat acquired 250 common stock-equivalent rights on September 15, 2026, consisting of 90 dividend equivalent rights on a restricted stock unit award and 160 shares from dividends on a restricted stock award.

How many FCPT shares were tied to dividend equivalent rights for James L. Brat?

James L. Brat received 90 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 of FCPT common stock and is settled in common stock.

What additional FCPT shares did James L. Brat receive from dividends?

In addition to dividend equivalent rights, James L. Brat acquired 160 shares representing dividends that accrued on a restricted stock award pursuant to the award’s dividend reinvestment feature.

Were James L. Brat’s FCPT transactions open-market purchases or sales?

No. The filing describes the transactions as other acquisitions (code J) arising from dividend and dividend equivalent accruals on existing equity awards, rather than open-market purchases or sales.

Was a Rule 10b5-1 trading plan involved in this FCPT Form 4?

No. The filing indicates no Rule 10b5-1 trading plan for these transactions; they resulted from the dividend reinvestment features of existing restricted stock and restricted stock unit awards.

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^*

Brat James L

(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)

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

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		90(1)	A	(1)	137,776	D
Common Stock	09/15/2026		J		160(2)	A	(2)	137,936	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.

2. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.

	/s/ James L. Brat	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)