Four Corners director gets 14 dividend share rights

Four Corners Property Trust director Michael Lawrence Friedland reported a routine adjustment to his equity awards.

Rhea-AI Filing Summary

Four Corners Property Trust director Michael Lawrence Friedland reported a routine adjustment to his equity awards. A total of 14 dividend equivalent rights accrued on a restricted stock unit award under its dividend reinvestment feature, with each right equal in value to one common share and settled in stock. Following this non-cash, non-market transaction, he holds 973 shares of common stock directly.

Insider Trade Summary

Other: 14 shares

Other 1 txn

Insider Friedland Michael Lawrence

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	14	$0.00	$0.00

Holdings After Transaction: Common Stock — 973 shares (Direct)

Footnotes (1)

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.

Key Figures

Dividend equivalent rights: 14 rights Shares after transaction: 973 shares Transaction price per share: $0.0000/share +1 more

4 metrics

Dividend equivalent rights 14 rights Accrued on restricted stock unit award via dividend reinvestment

Shares after transaction 973 shares Common stock directly held after Form 4 transaction

Transaction price per share $0.0000/share Non-cash settlement of dividend equivalent rights

Restructuring shares 14 shares TransactionSummary restructuringShares tied to code J event

Key Terms

dividend equivalent rights, restricted stock unit, dividend reinvestment feature, economic equivalent

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 financial

"accrued on a restricted stock unit award pursuant to the dividend reinvestment feature"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

dividend reinvestment feature financial

"pursuant to the dividend reinvestment feature of the award"

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share"

FAQ

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

What insider activity did FCPT director Michael Friedland report on this Form 4?

Michael Lawrence Friedland reported 14 dividend equivalent rights accruing on a restricted stock unit award, with no cash price per share. These rights are economically equal to common shares and are settled in Four Corners Property Trust common stock.

How many Four Corners Property Trust (FCPT) shares does the director hold after this transaction?

After the reported transaction, Michael Lawrence Friedland directly holds 973 shares of Four Corners Property Trust common stock. This figure includes the shares associated with the 14 dividend equivalent rights that accrued on his restricted stock unit award.

Was the FCPT director’s Form 4 transaction a market purchase or sale of shares?

No, the Form 4 describes an “other” type of transaction, not a market buy or sell. It reflects 14 dividend equivalent rights accruing on a restricted stock unit award through a dividend reinvestment feature, settled in common stock at no stated cash price.

What are dividend equivalent rights in the context of FCPT’s restricted stock units?

Dividend equivalent rights are credits tied to dividends paid on the underlying stock, linked here to a restricted stock unit award. For FCPT, each such right is economically equal to one common share and is ultimately settled in common stock rather than cash.

How large is the restructuring transaction reported by FCPT’s director on this Form 4?

The restructuring-type transaction covers 14 dividend equivalent rights associated with a restricted stock unit award. These rights accrued through a dividend reinvestment feature and are economically equivalent to 14 shares of Four Corners Property Trust common stock, settled in stock.

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^*

Friedland Michael Lawrence

(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)

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

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		14(1)	A	(1)	973	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.

	/s/ James L. Brat as Attorney-in-Fact for Michael Friedland	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)