Director at Four Corners (NYSE: FCPT) gains 103 shares from dividend equivalents
Rhea-AI Filing Summary
Four Corners Property Trust director reports small stock accrual. Director Douglas B. Hansen reported acquiring 103 shares of Four Corners Property Trust common stock on 01/15/2026, bringing his total beneficial ownership to 78,350 shares held directly.
The new shares represent dividend equivalent rights that accrued on an existing restricted stock unit award under its dividend reinvestment feature. Each dividend equivalent right is economically equal to one share of common stock and is settled in stock rather than cash, so the grant did not involve a cash purchase.
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FAQ
What insider transaction did FCPT director Douglas B. Hansen report?
Douglas B. Hansen reported acquiring 103 shares of Four Corners Property Trust common stock on 01/15/2026, increasing his directly held beneficial ownership to 78,350 shares.
What was the price and type of FCPT shares acquired in this Form 4?
The 103 FCPT common shares were acquired at a price of $0.00 per share as part of a dividend equivalent accrual on an existing restricted stock unit award, not an open-market purchase.
How were the additional Four Corners Property Trust shares generated for Douglas B. Hansen?
The shares arose from dividend equivalent rights that accrued on a restricted stock unit award through its dividend reinvestment feature, with each right equal in value to one share of FCPT common stock and settled in stock.
What is Douglas B. Hansen’s role at Four Corners Property Trust (FCPT)?
Douglas B. Hansen is reported as a director of Four Corners Property Trust, Inc. and filed this Form 4 as a single reporting person.
Does this FCPT Form 4 involve any derivative securities?
No derivative securities are listed as acquired or disposed of in the derivative securities table; the reported activity involves non-derivative common stock linked to a restricted stock unit award’s dividend equivalents.
Is this FCPT Form 4 transaction related to a Rule 10b5-1 trading plan?
The form includes a checkbox for Rule 10b5-1(c) trading plans, but the provided content does not indicate that this specific transaction was made under such a plan.