Four Corners Property Trust (NYSE: FCPT) CAO receives 113 dividend shares
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. reported that Chief Accounting Officer Niccole Stewart was credited 113 shares of common stock. The shares represent dividends that accrued on a restricted stock award through its dividend reinvestment feature. After this automatic accrual, she directly holds 22,793 shares of common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 113 shares
Net Buy
1 txn
Insider
Stewart Niccole
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 113 | -- | -- |
Holdings After Transaction:
Common Stock — 22,793 shares (Direct)
Footnotes (1)
- F1. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.
Key Figures
Shares credited: 113 shares
Post-transaction holdings: 22,793 shares
Restructuring-related shares: 113 shares
3 metrics
Shares credited
113 shares
Dividend accrued on a restricted stock award
Post-transaction holdings
22,793 shares
Direct common stock owned after the transaction
Restructuring-related shares
113 shares
Shares classified as restructuringShares in transaction summary
Key Terms
restricted stock award, dividend reinvestment feature, Other acquisition or disposition
3 terms
restricted stock award financial
"Represents dividend that accrued on a restricted stock award pursuant"
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.
dividend reinvestment feature financial
"pursuant to the dividend reinvestment feature of the award"
Other acquisition or disposition financial
"transaction code description: Other acquisition or disposition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FCPT's Chief Accounting Officer report?
Niccole Stewart was credited 113 FCPT common shares as dividends on a restricted stock award. These shares accrued automatically through the award’s dividend reinvestment feature, rather than through an open-market purchase or sale.
Was the FCPT Form 4 transaction an open-market trade?
No, the transaction was not an open-market trade. The 113 shares represent dividends that accrued on a restricted stock award via a dividend reinvestment feature, instead of a discretionary buy or sell on the market.
What does the footnote in this FCPT Form 4 filing explain?
The footnote explains that the reported 113 shares are dividends that accrued on a restricted stock award. They were added through the award’s dividend reinvestment feature, clarifying the nature of the transaction coded as an “Other acquisition or disposition.”
Does this FCPT Form 4 show any stock sales or purchases by the insider?
No, the Form 4 does not report any open-market sales or purchases. It shows only the accrual of 113 dividend-equivalent shares on a restricted stock award, leaving the filing’s net buy/sell direction neutral.