Four Corners Property Trust (NYSE: FCPT) director gains 586 shares from dividend equivalents
Rhea-AI Filing Summary
Four Corners Property Trust director reports share increase from dividend equivalents. Director Charles Jemley reported acquiring 586 shares of Four Corners Property Trust common stock on 01/15/2026. The shares reflect dividend equivalent rights that accrued on an existing restricted stock unit award under its dividend reinvestment feature, with each right economically equivalent to one common share and settled in stock. Following this transaction, Jemley beneficially owns 41,754 shares of the company’s common stock in direct ownership.
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FAQ
What insider transaction did FCPT director Charles Jemley report?
Director Charles Jemley reported acquiring 586 shares of Four Corners Property Trust common stock on 01/15/2026 through a coded J transaction.
How did Charles Jemley acquire the additional FCPT shares?
The 586 shares represent dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature, and are settled in common stock.
What does transaction code J mean in this FCPT Form 4?
Transaction code J indicates an acquisition or disposition not otherwise covered by standard transaction codes; here it reflects stock credited via dividend equivalent rights on a restricted stock unit award.
How many Four Corners Property Trust shares does Jemley own after this transaction?
After the reported acquisition, Charles Jemley beneficially owns 41,754 shares of Four Corners Property Trust common stock in direct ownership.
Was cash paid for the 586 FCPT shares acquired by dividend equivalents?
No cash price is reported; the 586 shares arose from dividend equivalent rights accruing on an existing restricted stock unit award and are settled in stock.
Is this FCPT insider transaction a direct or indirect holding for Jemley?
The filing classifies Jemley’s ownership of the 41,754 FCPT shares, including the newly acquired 586 shares, as direct ownership.