Four Corners (FCPT) CEO gains stock from dividend accruals
Rhea-AI Filing Summary
Four Corners Property Trust President and CEO William H. Lenehan reported small, stock-based increases in his holdings. On January 15, 2026, he acquired 75 shares of Four Corners common stock through dividend equivalent rights tied to a restricted stock unit award, and 1,805 shares from dividends on a restricted stock award, both under the dividend reinvestment features of those awards. The transactions were coded as "J" and carried a per-share price of $0.00, reflecting that they were automatic equity accruals rather than open-market purchases. Following these transactions, Lenehan directly owned 702,143 shares of Four Corners common stock.
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FAQ
What insider activity did FCPT report for William H. Lenehan?
Four Corners Property Trust President and CEO William H. Lenehan reported acquiring additional common shares through dividend-related equity awards on January 15, 2026.
How many FCPT shares did the CEO acquire in this Form 4 filing?
The filing shows acquisitions of 75 shares from dividend equivalent rights on a restricted stock unit award and 1,805 shares from dividends on a restricted stock award.
Were the FCPT insider share acquisitions open-market purchases?
No. The reported transactions were automatic equity accruals from dividend equivalent rights and dividends on restricted stock under dividend reinvestment features, with a reported per-share price of $0.00.
What is the CEOs FCPT share ownership after these transactions?
After the reported dividend-related acquisitions, William H. Lenehan directly owned 702,143 shares of Four Corners Property Trust common stock.
What does transaction code "J" indicate in this FCPT Form 4?
In this context, the code "J" is used for transactions that are other than standard purchases or sales, here reflecting dividend-related stock accruals under equity awards.
How are the dividend equivalent rights in the FCPT filing settled?
The footnotes state that each dividend equivalent right is the economic equivalent of one share of common stock and is settled in common stock of Four Corners Property Trust.