Four Corners CEO acquires 723 shares via awards
FCPT’s CEO received 723 additional common shares via dividend-related credits on existing equity awards, rather than through open-market purchases or sales.
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Form Type
4
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. (FCPT) reported that President and CEO William H. Lenehan acquired 723 shares of common stock on September 15, 2026 through award-related features, not open-market trades. The transactions reflect dividend equivalent rights on restricted stock units and dividends on restricted stock credited in stock under dividend reinvestment features.
Insider Trade Summary
Other: 723 shares
Other
2 txns
Insider
Lenehan William H
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 36 | -- | -- |
| Other | Common Stock F2 | 687 | -- | -- |
Holdings After Transaction:
Common Stock — 779,074 shares (Direct)
Holdings Before and After:
Common Stock, 778,351 to 779,074 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.
Key Figures
Dividend equivalent right shares: 36 shares of common stock
Dividend on restricted stock shares: 687 shares of common stock
Total shares acquired in Form 4: 723 shares of common stock
3 metrics
Dividend equivalent right shares
36 shares of common stock
Credited on September 15, 2026 on a restricted stock unit award via dividend reinvestment
Dividend on restricted stock shares
687 shares of common stock
Credited on September 15, 2026 on a restricted stock award via dividend reinvestment
Total shares acquired in Form 4
723 shares of common stock
Sum of award-related acquisitions on September 15, 2026 classified as other acquisitions
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
"accrued on a restricted stock unit award pursuant to the dividend reinvestment"
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"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FCPT report for CEO William H. Lenehan?
FCPT reported that CEO William H. Lenehan acquired 723 shares of common stock on September 15, 2026. These arose from dividend equivalent rights on restricted stock units and dividends on restricted stock under dividend reinvestment features, not from open-market buying or selling.
Were the FCPT insider transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan was affirmed for these transactions. The reported acquisitions were classified as other acquisitions tied to dividend and award mechanics, not pre-arranged trading under Rule 10b5-1.
AI-generated analysis. How Rhea-AI works. Not financial advice.
