Four Corners Property Trust (NYSE: FCPT) director awarded 489 dividend rights

Rhea-AI Filing Summary

Four Corners Property Trust, Inc. director Elizabeth Tennican reported an equity-related adjustment rather than a market trade. A total of 489 shares of common stock reflect dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature and are settled in common stock. Following this transaction, Tennican directly holds 34,115 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Tennican Elizabeth

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	489	--	--

Holdings After Transaction: Common Stock — 34,115 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Dividend equivalent rights shares: 489 shares of common stock Shares held after transaction: 34,115 shares of common stock Restructuring-related shares: 489 shares +1 more

4 metrics

Dividend equivalent rights shares 489 shares of common stock Shares representing dividend equivalent rights accrued on a restricted stock unit award

Shares held after transaction 34,115 shares of common stock Director Elizabeth Tennican’s direct holdings following the reported transaction

Restructuring-related shares 489 shares Shares classified as restructuring-type activity in the transaction summary

Other transaction count 1 transaction Single transaction coded as other acquisition or disposition (code J)

Key Terms

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

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

"accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the award"

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share of the registrant's common stock"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 06:00 PM Accepted by SEC EDGAR 07/16/2026 - 06:00 PM Learn about SEC filing dates

FAQ

What insider transaction did FCPT director Elizabeth Tennican report?

Elizabeth Tennican reported an adjustment involving 489 shares of common stock tied to dividend equivalent rights on a restricted stock unit award. These rights arose under a dividend reinvestment feature and are settled in common stock, not from an open-market purchase or sale.

Was the FCPT Form 4 for Elizabeth Tennican a buy or sell of stock?

The Form 4 does not report a buy or sell. The transaction is coded “J” as other acquisition or disposition, reflecting dividend equivalent rights on a restricted stock unit award, rather than a discretionary open-market purchase or sale of Four Corners Property Trust stock.

How many FCPT shares were involved in Elizabeth Tennican’s latest Form 4?

The reported transaction covered 489 shares of common stock, representing dividend equivalent rights accruing on a restricted stock unit award. Each right is the economic equivalent of one share of Four Corners Property Trust common stock and is settled in common stock.

How many Four Corners Property Trust (FCPT) shares does Elizabeth Tennican hold after this transaction?

After the reported adjustment, Elizabeth Tennican directly holds 34,115 shares of Four Corners Property Trust common stock. This includes the impact of the 489 dividend equivalent rights that accrued on her restricted stock unit award and are settled in common stock.

What are dividend equivalent rights in the context of FCPT’s Form 4 for Elizabeth Tennican?

Dividend equivalent rights are awards that mirror cash dividends on underlying restricted stock units. For Tennican, 489 such rights accrued via a dividend reinvestment feature, each being the economic equivalent of one FCPT common share and settled in common stock.

Why is Elizabeth Tennican’s FCPT transaction coded as “J” on the Form 4?

The transaction uses code “J” for other acquisition or disposition, which fits adjustments like dividend equivalent rights on restricted stock units. It reflects restructuring-type activity rather than a standard open-market buy or sell of Four Corners Property Trust shares.

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^*

Tennican Elizabeth

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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	07/15/2026		J		489(1)	A	(1)	34,115	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.

	/s/ James L. Brat as Attorney-in-Fact for Elizabeth Tennican	07/16/2026
	** 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)