FCPT (NYSE: FCPT) director logs 104 dividend equivalent rights in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Four Corners Property Trust director Douglas B. Hansen reported an internal equity adjustment tied to his restricted stock units. On this Form 4, 104 dividend equivalent rights accrued on an existing restricted stock unit award through a dividend reinvestment feature, each equal in value to one share of common stock and settled in common stock at no stated price. Following this non-market, other-type transaction, Hansen directly holds 78,454 shares of Four Corners Property Trust common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HANSEN DOUGLAS B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 104 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 78,454 shares (Direct)
Footnotes (1)
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Key Figures
Dividend equivalent rights accrued: 104 rights
Price per share for this transaction: $0.00 per share
Shares held after transaction: 78,454 shares
3 metrics
Dividend equivalent rights accrued
104 rights
Accrued on restricted stock unit award via dividend reinvestment
Price per share for this transaction
$0.00 per share
Dividend equivalent rights settled in common stock at no stated price
Shares held after transaction
78,454 shares
Douglas B. Hansen direct common stock ownership following Form 4
Key Terms
dividend equivalent rights, restricted stock unit, dividend reinvestment feature, common stock
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"
common stock financial
"settled in common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did FCPT director Douglas B. Hansen report?
Douglas B. Hansen reported 104 dividend equivalent rights on an existing restricted stock unit award. These rights accrued under a dividend reinvestment feature and are economically equivalent to common shares, settling in Four Corners Property Trust common stock at no stated purchase price.
Is Douglas B. Hansen buying or selling FCPT stock in this Form 4?
The Form 4 does not show an open-market buy or sell by Douglas B. Hansen. It reports an “other” transaction where 104 dividend equivalent rights accrued on his restricted stock units, a routine compensation-related adjustment rather than a discretionary market trade.
What are dividend equivalent rights in the FCPT Form 4 filing?
Dividend equivalent rights are credits that mirror dividends on restricted stock units. In this case, 104 rights accrued on Douglas B. Hansen’s award under a dividend reinvestment feature, and each right will be settled in one share of Four Corners Property Trust common stock.
Does the FCPT Form 4 indicate a change in Hansen’s overall ownership strategy?
The Form 4 reflects a small, routine adjustment from 104 dividend equivalent rights on restricted stock units. It does not show open-market buying or selling activity, so it primarily updates Hansen’s recorded holdings rather than signaling a change in ownership strategy.