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FCPT (NYSE: FCPT) COO credited 680 shares from dividend-related equity awards

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Four Corners Property Trust, Inc. Chief Operations Officer James L. Brat reported two "other" transactions in common stock tied to equity awards. On April 15, 2026, 244 dividend equivalent rights accrued on a restricted stock unit award and 436 shares accrued on a restricted stock award, both through a dividend reinvestment feature and settled in common stock at $0.00 per share. Following these routine adjustments, Brat directly held a reported 136,767 shares of common stock.

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Insider Brat James L
Role Chief Operations Officer
Type Security Shares Price Value
Other Common Stock 244 $0.00 --
Other Common Stock 436 $0.00 --
Holdings After Transaction: Common Stock — 136,331 shares (Direct)
Footnotes (1)
  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. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.
Dividend equivalent rights shares 244 shares Accrued on restricted stock unit award on April 15, 2026
Dividend shares on restricted stock 436 shares Dividend accrued on restricted stock award on April 15, 2026
Total restructuring-related shares 680 shares J-code "other" transactions classified as restructuringShares in summary
Shares held after transactions 136,767 shares Direct ownership following reported Form 4 transactions
Reported transaction price $0.00 per share Price for both dividend-related share credits
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend reinvestment feature"
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
"dividend equivalent rights that 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.
dividend reinvestment feature financial
"pursuant to the dividend reinvestment feature of the award"
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Brat James L
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operations Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026J244(1)A(1)136,331D
Common Stock04/15/2026J436(2)A(2)136,767D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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. Brat04/17/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did FCPT executive James L. Brat report on April 15, 2026?

James L. Brat reported two "other" transactions totaling 680 FCPT common shares on April 15, 2026. These arose from dividend equivalents and dividends credited to existing equity awards, rather than open-market purchases or sales, and were settled in common stock at $0.00 per share.

What are the dividend equivalent rights reported in the FCPT Form 4 for James L. Brat?

The Form 4 states that 244 dividend equivalent rights accrued on a restricted stock unit award. Each right is economically equivalent to one share of FCPT common stock and is settled in common stock under the award’s dividend reinvestment feature.

How many FCPT shares did James L. Brat hold after the reported Form 4 transactions?

After the reported transactions, James L. Brat directly held 136,767 shares of Four Corners Property Trust common stock. This figure reflects his updated direct ownership position following the crediting of dividend-related shares to his existing equity awards.

Did the FCPT Form 4 show James L. Brat buying or selling shares in the open market?

The Form 4 does not show open-market buying or selling by James L. Brat. Instead, it reports "other" transactions where 680 shares were credited due to dividends and dividend equivalent rights on existing restricted stock and restricted stock unit awards.

Why were FCPT shares in James L. Brat’s Form 4 priced at $0.00 per share?

The reported transactions use a $0.00 per share price because they reflect dividend credits on equity awards, not cash purchases. Shares were issued or credited under the dividend reinvestment features of restricted stock and restricted stock unit awards, rather than through market transactions.