Four Corners (NYSE: FCPT) director now holds 34,281 shares
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. (FCPT) reported that director Elizabeth Tennican acquired 166 shares of common stock through a Form 4 transaction coded "J". According to the footnote, these represent dividend equivalent rights that accrued on a restricted stock unit award and are settled in common stock, rather than an open-market purchase. Following this accrual, Tennican directly holds 34,281 shares of FCPT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 166 shares
Net Buy
1 txn
Insider
Tennican Elizabeth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 166 | -- | -- |
Holdings After Transaction:
Common Stock — 34,281 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Shares acquired: 166 shares
Shares owned after transaction: 34,281 shares
Restructuring-related shares: 166 shares
3 metrics
Shares acquired
166 shares
Dividend equivalent rights accrued on an RSU award on 2026-08-17
Shares owned after transaction
34,281 shares
Direct FCPT common stock holdings by Elizabeth Tennican following the Form 4 transaction
Restructuring-related shares
166 shares
Shares classified in transaction summary as restructuringShares for code J
Key Terms
dividend equivalent rights, restricted stock unit, dividend reinvestment feature
3 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"
FAQ
What insider transaction did FCPT director Elizabeth Tennican report on this Form 4?
Elizabeth Tennican reported acquiring 166 shares of Four Corners Property Trust (FCPT) common stock. These shares arose from dividend equivalent rights on a restricted stock unit award, reflecting dividends reinvested into stock rather than a market purchase.
Was the FCPT Form 4 transaction by Elizabeth Tennican an open-market buy or sell?
The Form 4 for FCPT does not report an open-market buy or sell by Elizabeth Tennican. Instead, it records 166 shares acquired as dividend equivalent rights on a restricted stock unit award, settled in common stock.
What are dividend equivalent rights in the context of FCPT’s Form 4 filing?
In this FCPT filing, dividend equivalent rights are rights that accrue dividends on a restricted stock unit award. Each right is the economic equivalent of one share of common stock and is settled in FCPT common shares.
What does transaction code "J" signify in FCPT director Elizabeth Tennican’s Form 4?
Transaction code "J" in this FCPT Form 4 is described as an "other acquisition or disposition." Here, it reflects an internal equity event: 166 shares credited as dividend equivalent rights on a restricted stock unit award, not a market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.