Form 4: Niccole Stewart Sells 3,950 FCPT Shares, Retains 27,502
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. (FCPT) reporting person Niccole Stewart, the company's Chief Accounting Officer, sold 3,950 shares of common stock on 09/16/2025 at a weighted average price of $25.302 per share. After the reported sale, the filing shows Ms. Stewart beneficially owned 27,502 shares. The Form 4 notes the price is a weighted average from multiple transactions with prices ranging from $25.300 to $25.315, and the attorney-in-fact James L. Brat signed the filing on behalf of Ms. Stewart.
Positive
- Transparent disclosure of the sale including weighted-average price and explicit price range ($25.300–$25.315).
- Reporting includes remaining beneficial ownership (27,502 shares), offering clarity on insider stake post-transaction.
Negative
- None.
Insights
TL;DR: Insider sale of 3,950 shares by the Chief Accounting Officer reduces her stake to 27,502 shares; transaction appears routine.
The sale on 09/16/2025 was disclosed on Form 4 and executed at a tight weighted-average price range of $25.300–$25.315, suggesting small, sequential trades rather than a block divestiture. The remaining beneficial ownership of 27,502 shares indicates the officer retains a meaningful, though not controlling, equity position. No derivative transactions or additional compensatory grants are reported. This disclosure is material for shareholding transparency but does not by itself indicate a change in company fundamentals.
TL;DR: Filing documents a standard Section 16 sale by an officer; paperwork and attorney-in-fact signature are in order.
The Form 4 correctly identifies the reporting person, relationship to issuer, and reports the disposition with a weighted-average price and explanatory footnote providing the transaction price range. The attorney-in-fact signature is present, which satisfies execution requirements when applicable. There are no indications of rule 10b5-1 plan usage checked on the form, and no amendments are noted. From a governance perspective, this is a routine transparency filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,950 | $25.302 | $100K |
Footnotes (1)
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