Four Corners (FCPT) CEO acquires 7,850 shares — Form 4 filing

Rhea-AI Filing Summary

Four Corners Property Trust director and President & CEO William H. Lenehan reported a purchase of 7,850 shares of FCPT common stock on 09/12/2025 at a price of $25.40 per share. After the transaction he beneficially owns 698,426 shares in a direct capacity. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Lenehan, and no derivative transactions were reported.

Positive

• Insider purchase reported: CEO/Director William H. Lenehan acquired 7,850 shares, indicating increased personal ownership.
• Direct beneficial ownership after the transaction is 698,426 shares, showing significant existing alignment with shareholders.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider purchase by the CEO/Director signals alignment with shareholders but is small relative to typical institutional holdings.

The report shows a straightforward open-market acquisition of 7,850 shares at $25.40, increasing the reporting person’s direct ownership to 698,426 shares. As both President/CEO and a director, this purchase demonstrates insider alignment with company performance. The transaction size (~$199k) is modest and appears routine rather than strategically material. No derivatives or disposition events are disclosed, reducing complexity for governance review.

Securities Analyst

TL;DR: Small-dollar insider buy; mildly positive signal but unlikely to move valuation or trading activity materially.

The Form 4 documents an open-market purchase at $25.40 per share for 7,850 shares. The absolute dollar value is approximately $199,190, which is modest for an institutional-capitalized REIT. While insider purchases can be a positive indicator of confidence, this one-size transaction is unlikely to be market-moving or materially change existing ownership structure. No option exercises or sales were reported.

Insider Trade Summary

Net Buyer: 7,850 shares ($199,390)

Net Buy 1 txn

Insider Lenehan William H

Role President and CEO

Bought 7,850 shs ($199K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	7,850	$25.40	$199K

Holdings After Transaction: Common Stock — 698,426 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Lenehan William H

(Last) (First) (Middle)

C/O FOUR CORNERS PROPERTY TRUST, INC.

591 REDWOOD HIGHWAY, SUITE 3215

(Street)

MILL VALLEY CA 94941

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/12/2025		P		7,850	A	$25.4	698,426	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:

	/s/ James L. Brat as Attorney-in-Fact for William H. Lenehan	09/12/2025
	** 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.

FAQ

What did FCPT insider William H. Lenehan report on Form 4?

He reported an open-market purchase of 7,850 shares of FCPT common stock on 09/12/2025 at $25.40 per share.

How many FCPT shares does William H. Lenehan beneficially own after the transaction?

Following the reported purchase, he beneficially owns 698,426 shares in a direct capacity.

Were any derivative securities (options, warrants) reported in this Form 4 for FCPT?

No. The filing contains no entries in Table II; only a non-derivative common stock purchase is reported.

Who signed the Form 4 for William H. Lenehan?

The form was signed by James L. Brat as Attorney-in-Fact for William H. Lenehan on 09/12/2025.