FCPT CFO logs 1,250-share dividend-related adjustment

Four Corners Property Trust Chief Financial Officer Patrick L. Wernig reported routine share adjustments tied to dividends rather than open-market trading.

Rhea-AI Filing Summary

Four Corners Property Trust Chief Financial Officer Patrick L. Wernig reported routine share adjustments tied to dividends rather than open-market trading. On a Form 4 dated for transactions on April 15, 2026, 862 dividend equivalent rights accrued on a restricted stock unit award and 388 shares accrued as a dividend on a restricted stock award, both through dividend reinvestment features and settled in common stock at a reported price of $0.00 per share. Following these adjustments, Wernig directly holds 148,293 shares of Four Corners Property Trust common stock.

Insider Trade Summary

Other: 1,250 shares

Other 2 txns

Insider Wernig Patrick L.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Other	Common Stock	862	$0.00	$0.00
Other	Common Stock	388	$0.00	$0.00

Holdings After Transaction: Common Stock — 148,293 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.

Key Figures

Dividend equivalent rights shares: 862 shares Dividend shares on restricted stock: 388 shares Total restructuring shares: 1,250 shares +3 more

6 metrics

Dividend equivalent rights shares 862 shares Accrued on restricted stock unit award on April 15, 2026

Dividend shares on restricted stock 388 shares Dividend accrued on restricted stock award on April 15, 2026

Total restructuring shares 1,250 shares Total shares from two J-code restructuring transactions

Holding after first transaction 147,905 shares Direct common stock holding after 862-share adjustment

Holding after second transaction 148,293 shares Final direct common stock holding after both adjustments

Reported transaction price $0.00 per share Price per share for both dividend-related adjustments

Key Terms

dividend equivalent rights, restricted stock unit award, restricted stock award, dividend reinvestment feature, +1 more

5 terms

dividend equivalent rights financial

"Represents dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the 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

"Represents dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the 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.

restricted stock award financial

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

dividend reinvestment feature financial

"pursuant to the dividend reinvestment feature of the award."

other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did FCPT CFO Patrick L. Wernig report on this Form 4?

Patrick L. Wernig reported two routine transactions totaling 1,250 shares of Four Corners Property Trust common stock. These arose from dividend equivalent rights on restricted stock units and a dividend on a restricted stock award, both settled in stock at no cash price.

Were the FCPT Form 4 transactions open-market purchases or sales?

The Form 4 shows no open-market purchases or sales by the FCPT CFO. Both transactions carry code J (other acquisition or disposition) and relate to dividend equivalent rights and a dividend reinvestment on existing equity awards, not discretionary market trading.

How many FCPT shares does the CFO hold after the reported transactions?

After the reported April 15, 2026 transactions, FCPT’s CFO directly holds 148,293 shares of common stock. This post-transaction figure reflects the addition of dividend equivalent rights and dividend shares credited under the company’s equity award dividend reinvestment features.

What are dividend equivalent rights in the FCPT CFO’s Form 4 filing?

Dividend equivalent rights in this Form 4 are amounts that accrued on a restricted stock unit award under a dividend reinvestment feature. Each right is economically equivalent to one FCPT common share and is settled in common stock rather than cash.

Why is transaction code J used in the FCPT CFO’s Form 4?

Transaction code J signifies an other acquisition or disposition rather than a standard buy or sell. In this FCPT filing, J is used for dividend-related share credits on restricted stock and restricted stock units, which are structural adjustments to existing awards, not market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 04:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Wernig Patrick L.

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/15/2026		J		862(1)	A	(1)	147,905	D
Common Stock	04/15/2026		J		388(2)	A	(2)	148,293	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 Patrick L. Wernig	04/17/2026
	** Signature of Reporting Person	Date
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)