Four Corners (NYSE: FCPT) CAO credited 112 shares from dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. Chief Accounting Officer Niccole Stewart reported a small administrative change in her equity holdings. She received 112 shares of common stock at a price of $0.00 per share as a dividend that accrued on a restricted stock award under its dividend reinvestment feature. Following this non-market transaction, she directly holds 22,680 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stewart Niccole
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 112 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,680 shares (Direct)
Footnotes (1)
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Key Figures
Shares received: 112 shares
Transaction price per share: $0.00 per share
Shares held after transaction: 22,680 shares
3 metrics
Shares received
112 shares
Dividend accrued on restricted stock award
Transaction price per share
$0.00 per share
Dividend reinvestment credit
Shares held after transaction
22,680 shares
Direct holdings of common stock following Form 4 event
Key Terms
restricted stock award, dividend reinvestment feature, Form 4, other acquisition or disposition
4 terms
restricted stock award financial
"Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature"
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"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
FAQ
What insider transaction did FCPT executive Niccole Stewart report on this Form 4?
Niccole Stewart reported receiving 112 shares of Four Corners Property Trust common stock. The shares reflect a dividend that accrued on a restricted stock award through its dividend reinvestment feature, rather than an open-market purchase or sale.
What does the dividend reinvestment feature mean for FCPT restricted stock awards?
The dividend reinvestment feature allows dividends on restricted stock awards to accrue as additional shares. In this case, 112 shares of Four Corners Property Trust common stock were credited to Niccole Stewart as a dividend on her award, rather than being paid in cash.
How is the FCPT Form 4 transaction classified by the SEC transaction code?
The transaction is coded “J,” which indicates an “other acquisition or disposition.” Here, it reflects 112 shares received via dividend accrual on a restricted stock award, not a standard purchase, sale, gift, or tax-withholding event in the market.