Four Corners director acquires 178 dividend shares
FCPT director Elizabeth Tennican added 178 dividend-equivalent shares tied to RSUs, increasing her direct holdings to 34,459 shares.
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. (FCPT) director Elizabeth Tennican reported an acquisition of 178 shares of common stock on September 15, 2026. These represent dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature and are settled in common stock, bringing her directly held stake to 34,459 shares. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 178 shares
Other
1 txn
Insider
Tennican Elizabeth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 178 | -- | -- |
Holdings After Transaction:
Common Stock — 34,459 shares (Direct)
Footnotes (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
Shares acquired: 178 shares
Shares owned after transaction: 34,459 shares
Transaction date: September 15, 2026
3 metrics
Shares acquired
178 shares
Dividend equivalent rights accrued on RSUs on September 15, 2026
Shares owned after transaction
34,459 shares
Direct holdings of FCPT common stock following the September 15, 2026 transaction
Transaction date
September 15, 2026
Date the 178 dividend equivalent rights were acquired and reported
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 director Elizabeth Tennican report?
She reported acquiring 178 shares of Four Corners Property Trust, Inc. common stock on September 15, 2026, through dividend equivalent rights accruing on a restricted stock unit award under its dividend reinvestment feature.
Was a Rule 10b5-1 trading plan used for this FCPT insider transaction?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so there is no Rule 10b5-1 trading plan reported in connection with this acquisition of dividend equivalent rights by director Elizabeth Tennican.
What transaction code is used in Elizabeth Tennican’s FCPT Form 4 filing and what does it mean?
The transaction uses code J, described as an “Other acquisition or disposition”. In this case it reflects the automatic accrual of dividend equivalent rights on a restricted stock unit award that are settled in FCPT common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.