Four Corners (NYSE: FCPT) director gets 245 dividend-equivalent shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. director Barbara Angelica Faylona reported an internal equity adjustment involving 245 shares of common stock on a Form 4. These shares reflect dividend equivalent rights that accrued on a restricted stock unit award under a dividend reinvestment feature and are settled in common stock, making this a compensation-related, non-market transaction. Following this adjustment, Faylona directly holds 17,027 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jesuele Barbara Angelica Faylona
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 245 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,027 shares (Direct)
Footnotes (1)
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Key Figures
Dividend equivalent shares: 245 shares
Shares after transaction: 17,027 shares
Reported restructuring shares: 245 shares
3 metrics
Dividend equivalent shares
245 shares
Shares from dividend equivalent rights on RSU award
Shares after transaction
17,027 shares
Director’s direct common stock holdings following Form 4 event
Reported restructuring shares
245 shares
Classified as restructuringShares in transaction summary
Key Terms
dividend equivalent rights, restricted stock unit, dividend reinvestment feature, Form 4
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
"Represents dividend equivalent rights that accrued on a restricted stock unit award..."
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
"...accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the award."
Form 4 regulatory
"Director Barbara Angelica Faylona reported an internal equity adjustment on a Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did FCPT director Barbara Angelica Faylona report?
Director Barbara Angelica Faylona reported an internal equity adjustment involving 245 shares of Four Corners Property Trust common stock. These shares arose from dividend equivalent rights on a restricted stock unit award, tied to a dividend reinvestment feature and settled in common stock as compensation.
What are dividend equivalent rights in the FCPT Form 4 filing?
Dividend equivalent rights in this FCPT filing are amounts that accrue on a restricted stock unit award when dividends are paid. Each right is economically equal to one share of common stock and is settled in common stock, mirroring the value of regular dividends for the award holder.
What does transaction code J mean in Barbara Faylona’s FCPT Form 4?
Transaction code J in Barbara Faylona’s FCPT Form 4 indicates an “other acquisition or disposition” event. Here, it represents 245 shares created from dividend equivalent rights on a restricted stock unit award, an internal equity adjustment rather than an open-market trade in the company’s stock.