Four Corners Property Trust (NYSE: FCPT) CFO reports 1,261-share award dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Four Corners Property Trust Chief Financial Officer Patrick L. Wernig reported two J-code entries involving a total of 1,261 shares of common stock on July 15, 2026. Footnotes explain these adjustments reflect dividend equivalent rights and dividends reinvested on existing restricted stock unit and restricted stock awards, rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wernig Patrick L.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 869 | -- | -- |
| Other | Common Stock | 392 | -- | -- |
Holdings After Transaction:
Common Stock — 149,162 shares (Direct)
Footnotes (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. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.
Key Figures
Restructuring shares reported: 1,261 shares
First J-code entry shares: 392 shares
Second J-code entry shares: 869 shares
+1 more
4 metrics
Restructuring shares reported
1,261 shares
Total shares in J-code restructuring-type entries on July 15, 2026
First J-code entry shares
392 shares
Shares tied to dividend equivalent rights on a restricted stock unit award
Second J-code entry shares
869 shares
Shares from dividends accrued on a restricted stock award
J-code restructuring entries
2 entries
Count of non-derivative J-code transactions reported
Key Terms
dividend equivalent rights, restricted stock unit award, dividend reinvestment feature, restricted stock award
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 award financial
"dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
dividend reinvestment feature financial
"pursuant to the dividend reinvestment feature of the award"
restricted stock award financial
"Represents dividend that accrued on a restricted stock award pursuant to the dividend"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did FCPT CFO Patrick L. Wernig report on this Form 4?
Patrick L. Wernig reported two J-code entries involving 1,261 FCPT shares. Footnotes state these reflect dividend equivalent rights and dividends reinvested on existing restricted stock unit and restricted stock awards, making them internal equity award adjustments rather than market purchases or sales.
Were Patrick L. Wernig's FCPT Form 4 transactions open-market buys or sells?
No. The filing shows J-code “other” transactions, and footnotes explain they relate to dividend equivalent rights and dividends reinvested on restricted equity awards. These are administrative adjustments to compensation, not open-market buying or selling of Four Corners Property Trust stock.
What does “dividend equivalent rights” mean in the FCPT Form 4 filing?
The footnote states dividend equivalent rights are the economic equivalent of one FCPT share and accrue on a restricted stock unit award under its dividend reinvestment feature. They are settled in common stock, aligning RSU holders economically with regular shareholders’ dividends.
What is Patrick L. Wernig's role at Four Corners Property Trust (FCPT)?
Patrick L. Wernig is the company’s Chief Financial Officer. The reported Form 4 transactions concern dividend-related adjustments on his restricted stock and restricted stock unit awards, reflecting the ongoing operation of FCPT’s equity-based compensation rather than discretionary trading in the open market.