Four Corners CFO acquires 460 dividend shares
FCPT’s chief financial officer received 460 additional common shares via dividend-related accruals on existing equity awards.
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. (FCPT) reported that its Chief Financial Officer Patrick L. Wernig acquired an aggregate of 460 shares of common stock on September 15, 2026, through other reportable transactions. These reflect 317 dividend equivalent rights on a restricted stock unit award and 143 shares from dividends on a restricted stock award, both accrued under dividend reinvestment features and settled in common stock. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 460 shares
Other
2 txns
Insider
Wernig Patrick L.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 317 | -- | -- |
| Other | Common Stock F2 | 143 | -- | -- |
Holdings After Transaction:
Common Stock — 150,443 shares (Direct)
Footnotes (2)
- 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.
- F2. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.
Key Figures
Shares acquired via dividend equivalent rights on RSUs: 317 shares
Shares acquired via dividends on restricted stock award: 143 shares
Total shares acquired in reported transactions: 460 shares
3 metrics
Shares acquired via dividend equivalent rights on RSUs
317 shares
Dividend equivalent rights accrued on a restricted stock unit award, September 15, 2026
Shares acquired via dividends on restricted stock award
143 shares
Dividends accrued on a restricted stock award, September 15, 2026
Total shares acquired in reported transactions
460 shares
Aggregate of other acquisition transactions reported for September 15, 2026
Key Terms
dividend equivalent rights, restricted stock unit award, 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 award financial
"dividend equivalent rights that accrued on a restricted stock unit award"
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
"accrued on a restricted stock award pursuant to the dividend reinvestment feature"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FCPT’s CFO report on this Form 4?
The FCPT chief financial officer reported acquiring 460 shares of common stock on September 15, 2026, through other reportable transactions related to dividend reinvestment on existing equity awards.
Was a Rule 10b5-1 trading plan involved in this FCPT Form 4?
No. The document-level indicator for Rule 10b5-1 is unchecked, so no Rule 10b5-1 trading plan is reported in connection with these transactions.
Did the FCPT Form 4 disclose any sales of stock by the CFO?
No sales are reported. The Form 4 only reports acquisitions totaling 460 shares of common stock via other reportable transactions related to dividend and dividend equivalent accruals.
AI-generated analysis. How Rhea-AI works. Not financial advice.