Four Corners (FCPT) CFO logs dividend-linked common stock gains
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. Chief Financial Officer Patrick L. Wernig reported stock accruals tied to company dividends. On 01/15/2026, he acquired 854 shares of common stock through dividend equivalent rights on a restricted stock unit award and 312 shares through dividends on a restricted stock award, both under the awards’ dividend reinvestment features. Each dividend equivalent right is economically equal to one share of common stock and is settled in common stock. Following these transactions, he beneficially owned 135,931 shares of Four Corners common stock, held directly.
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FAQ
What insider activity did FCPT CFO Patrick Wernig report on this Form 4?
Patrick L. Wernig, Chief Financial Officer of Four Corners Property Trust, Inc. (FCPT), reported acquiring additional common shares on 01/15/2026 through dividend-related accruals on his equity awards.
How many FCPT shares did the CFO acquire in this Form 4 filing?
He acquired 854 shares of common stock from dividend equivalent rights on a restricted stock unit award and 312 shares from dividends on a restricted stock award, for a total of 1,166 shares tied to dividends.
What does transaction code "J" mean in the FCPT Form 4?
The transactions are labeled with code "J", which in this context covers acquisitions related to dividend equivalent rights and dividend reinvestment on existing restricted stock and restricted stock unit awards.
What are dividend equivalent rights mentioned in the FCPT Form 4?
The filing explains that the dividend equivalent rights accrued on a restricted stock unit award under its dividend reinvestment feature. Each such right is the economic equivalent of one share of common stock and is settled in common stock.
How many FCPT shares does the CFO own after these transactions?
After the reported transactions on 01/15/2026, Patrick L. Wernig beneficially owned 135,931 shares of Four Corners Property Trust common stock, held directly.
Were these FCPT insider acquisitions made at a cash price per share?
The transactions show a price per share of $0.0000, reflecting that the shares were acquired via dividend equivalent rights and dividend reinvestment features of existing equity awards rather than open-market purchases.