FCPT CEO updates holdings via dividend share credits

Four Corners Property Trust President and CEO William H. Lenehan reported routine equity-related adjustments to his holdings.

Rhea-AI Filing Summary

Four Corners Property Trust President and CEO William H. Lenehan reported routine equity-related adjustments to his holdings. Two “other” transactions on common stock covered dividend-related features of existing awards rather than open-market trades.

One entry for 98 shares reflects dividend equivalent rights that accrued on a restricted stock unit award, which are economically equal to common shares and settled in stock. A second entry for 1,868 shares represents dividends that accrued on a restricted stock award under its dividend reinvestment feature. Following these transactions, Lenehan directly held 771,735 shares of common stock.

Insider Trade Summary

Other: 1,966 shares

Other 2 txns

Insider Lenehan William H

Role President and CEO

Type	Security	Shares	Price	Value
Other	Common Stock	98	$0.00	$0.00
Other	Common Stock	1,868	$0.00	$0.00

Holdings After Transaction: Common Stock — 771,735 shares (Direct)

Footnotes (2)

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.
2. F2. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.

Key Figures

Dividend equivalent rights shares: 98 shares Dividend reinvestment shares: 1,868 shares Total shares adjusted: 1,966 shares +2 more

5 metrics

Dividend equivalent rights shares 98 shares Accrued on restricted stock unit award as dividend equivalent rights

Dividend reinvestment shares 1,868 shares Dividends accrued on restricted stock award via dividend reinvestment

Total shares adjusted 1,966 shares RestructuringShares total from two J-code transactions

Shares after first transaction 769,867 shares Direct FCPT common stock holdings after 98-share adjustment

Shares after second transaction 771,735 shares Direct FCPT common stock holdings after 1,868-share adjustment

Key Terms

dividend equivalent rights, restricted stock unit award, restricted stock award, dividend reinvestment feature, +1 more

5 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 feature"

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.

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"

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did FCPT CEO William H. Lenehan report in this Form 4?

William H. Lenehan reported two “other” common stock transactions tied to existing equity awards, not open-market trades. These reflect dividend equivalent rights on restricted stock units and dividends on restricted stock reinvested in shares, modestly increasing his direct common stock holdings.

How many Four Corners Property Trust (FCPT) shares were affected in this filing?

The filing shows 98 shares from dividend equivalent rights on a restricted stock unit award and 1,868 shares from dividends on a restricted stock award. After these adjustments, William H. Lenehan directly held 771,735 shares of FCPT common stock.

Are the FCPT Form 4 transactions open-market buys or sells?

No, the transactions are coded as “J” for other acquisition or disposition, not open-market buys or sells. They arise from dividend equivalent rights and dividend reinvestment features on existing equity awards, making them routine compensation-related adjustments rather than discretionary trading.

What are dividend equivalent rights mentioned in the FCPT Form 4?

Dividend equivalent rights provide economic value equal to common stock dividends on certain awards. In this case, rights accrued on a restricted stock unit award, each equivalent to one FCPT common share and settled in stock, adding 98 shares to William H. Lenehan’s reported holdings.

How many FCPT shares does the CEO hold after these reported transactions?

After the reported equity adjustments, William H. Lenehan directly holds 771,735 shares of Four Corners Property Trust common stock. This total reflects the impact of dividend equivalent rights and dividend reinvestment on his existing restricted stock unit and restricted stock awards.

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

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Accepted by SEC EDGAR 04/17/2026 - 04:30 PM Learn about SEC filing dates

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^*

Lenehan William H

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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	04/15/2026		J		98(1)	A	(1)	769,867	D
Common Stock	04/15/2026		J		1,868(2)	A	(2)	771,735	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.

2. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.

	/s/ James L. Brat as Attorney-in-Fact for William H. Lenehan	04/17/2026
	** 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)