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Four Corners (NYSE: FCPT) CEO gains shares from dividends

(Neutral)
(Neutral)
Form Type
4

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

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Negative

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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)
  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.
  2. F2. Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.
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
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.

How many FCPT shares were acquired through dividend equivalent rights in this Form 4?

The Form 4 shows 33 FCPT common shares acquired via dividend equivalent rights. These rights accrued on a restricted stock unit award and are the economic equivalent of one share each, settled directly in common stock under the award’s terms.

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.

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Learn about SEC filing dates
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*
Lenehan William H

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026
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 Stock08/17/2026J33(1)A(1)777,710D
Common Stock08/17/2026J641(2)A(2)778,351D
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. Brat as Attorney-in-Fact for William H. Lenehan08/19/2026
** 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)