Four Corners director granted 37 dividend shares

A Four Corners Property Trust director received 37 stock-settled dividend equivalent rights linked to a prior RSU award, lifting his direct holdings to 7,079 shares.

Rhea-AI Filing Summary

Four Corners Property Trust, Inc. (symbol: FCPT) is the issuer of record for a Form 4 filing submitted to the SEC. Friedland Michael Lawrence reported acquisition or exercise transactions in this Form 4 filing.

Four Corners Property Trust, Inc. (FCPT) reported that director Michael Lawrence Friedland received an award of 37 dividend equivalent rights on September 15, 2026, tied to a restricted stock unit award. Each right is economically equivalent to one share of common stock and is settled in stock, bringing his direct holdings to 7,079 shares of common stock.

Insider Trade Summary

Grant/Award: 37 shares

Grant/Award 1 txn

Insider Friedland Michael Lawrence

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	37	--	--

Holdings After Transaction: Common Stock — 7,079 shares (Direct)

Footnotes (1)

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

Dividend equivalent rights granted: 37 shares Shares owned after transaction: 7,079 shares Security: Common Stock +1 more

4 metrics

Dividend equivalent rights granted 37 shares Grant, award, or other acquisition on September 15, 2026

Shares owned after transaction 7,079 shares Direct holdings of common stock following the September 15, 2026 grant

Security Common Stock Non-derivative securities affected by the grant of dividend equivalent rights

Rule 10b5-1 plan status No plan reported Document-level Rule 10b5-1 checkbox is not marked for this Form 4

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

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

What insider transaction did FCPT disclose for Michael Lawrence Friedland?

FCPT disclosed that director Michael Lawrence Friedland received 37 dividend equivalent rights on September 15, 2026. These rights arose from the dividend reinvestment feature on a prior restricted stock unit award and are settled in common stock, representing an acquisition rather than an open-market trade.

How many FCPT shares does Michael Lawrence Friedland hold after this Form 4 transaction?

After this transaction, Michael Lawrence Friedland directly holds 7,079 shares of Four Corners Property Trust common stock. This total includes the 37 dividend equivalent rights that were credited and are economically equivalent to shares and settled in common stock.

What are the 37 dividend equivalent rights reported for FCPT on September 15, 2026?

The 37 dividend equivalent rights represent amounts that accrued on a restricted stock unit award under its dividend reinvestment feature. Each right is the economic equivalent of one FCPT common share and is settled in common stock, effectively increasing the director’s share position.

Was the FCPT insider transaction made under a Rule 10b5-1 trading plan?

The filing indicates no Rule 10b5-1 trading plan for this transaction. The document-level checkbox for trades under a Rule 10b5-1 plan is not marked, and the footnote describes the award as dividend equivalent rights from a restricted stock unit dividend reinvestment feature.

Is the FCPT Form 4 transaction a market purchase or sale of shares?

The Form 4 does not report a market purchase or sale. It reports an acquisition via grant of 37 dividend equivalent rights related to a restricted stock unit award, classified as a grant, award, or other acquisition of non-derivative common stock, not an open-market trade.

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

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Available on EDGAR 09/16/2026 - 05:01 PM Accepted by SEC EDGAR 09/16/2026 - 05:00 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^*

Friedland Michael Lawrence

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		A		37(1)	A	(1)	7,079	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.

	/s/ James L. Brat as Attorney-in-Fact for Michael Friedland	09/16/2026
	** 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)