Four Corners (NYSE: FCPT) CEO gains shares from dividends
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. (FCPT) reported that President and CEO William H. Lenehan acquired additional common stock in two small, non-market transactions coded as "J" (other acquisition or disposition) on 2026-08-17. One transaction added 33 shares through dividend equivalent rights tied to a restricted stock unit award that are settled in common stock. A second transaction added 641 shares representing a dividend accrued on a restricted stock award under a dividend reinvestment feature. These entries reflect automatic, stock-settled dividend features of existing equity awards rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 674 shares
Net Buy
2 txns
Insider
Lenehan William H
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 33 | -- | -- |
| Other | Common Stock F2 | 641 | -- | -- |
Holdings After Transaction:
Common Stock — 778,351 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
Dividend equivalent rights shares: 33 shares
Dividend reinvestment shares: 641 shares
Total restructuring shares: 674 shares
+2 more
5 metrics
Dividend equivalent rights shares
33 shares
Common stock acquired on 2026-08-17 via dividend equivalent rights on an RSU award
Dividend reinvestment shares
641 shares
Common stock acquired on 2026-08-17 via dividend reinvestment on a restricted stock award
Total restructuring shares
674 shares
Aggregate shares in J-code restructuring-type transactions per transactionSummary
Transactions coded J
2 transactions
Non-derivative "other acquisition or disposition" entries on 2026-08-17
Acquire transactions
2
All reported transactions marked as acquisitions in transactionSummary
Key Terms
dividend equivalent rights, restricted stock unit award, dividend reinvestment feature, restricted stock award
4 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
"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"
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.
FAQ
What insider transactions did FCPT CEO William H. Lenehan report on August 17, 2026?
On 2026-08-17, FCPT CEO William H. Lenehan reported two "J"-code acquisitions totaling 674 common shares. These arose from dividend-related features on existing restricted stock unit and restricted stock awards, not from open-market purchases or sales.
Were the 2026 FCPT insider transactions by William H. Lenehan market purchases or sales?
They were not market purchases or sales. Both "J"-coded transactions reflect automatic dividend-related stock accruals on existing equity awards, rather than discretionary buying or selling of FCPT shares in the open market.
What does code "J" mean in the FCPT Form 4 insider transactions?
In this FCPT Form 4, transaction code "J" is described as "other acquisition or disposition." Here it corresponds to stock credited from dividend equivalent rights and dividend reinvestment on restricted stock, not typical buy or sell trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.