Four Corners Property Trust (FCPT) CEO reports 1,981-share dividend-related stock accrual
Rhea-AI Filing Summary
Four Corners Property Trust, Inc. reported two non-market adjustments to President and CEO William H. Lenehan’s holdings in common stock. Code J transactions on July 15, 2026 added 1,883 shares as dividend equivalent rights on a restricted stock unit award and 98 shares as dividends on a restricted stock award, both credited through dividend reinvestment features and settled in stock. These are characterized as “other acquisition or disposition” events rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,981 shares
Net Buy
2 txns
Insider
Lenehan William H
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 98 | -- | -- |
| Other | Common Stock F2 | 1,883 | -- | -- |
Holdings After Transaction:
Common Stock — 777,677 shares (Direct)
Footnotes (2)
- 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.
- 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: 1,883 shares
Dividend on restricted stock: 98 shares
Restructuring shares (code J): 1,981 shares
3 metrics
Dividend equivalent rights shares
1,883 shares
Common stock credited on RSU award via dividend reinvestment feature
Dividend on restricted stock
98 shares
Common stock credited on restricted stock award via dividend reinvestment
Restructuring shares (code J)
1,981 shares
Total shares in code J restructuring-type transactions on July 15, 2026
Key Terms
dividend equivalent rights, restricted stock unit award, dividend reinvestment feature, restricted stock award
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 award financial
"accrued on a restricted stock unit award pursuant to the dividend reinvestment feature"
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.
dividend reinvestment feature financial
"pursuant to the dividend reinvestment feature of the award"
restricted stock award financial
"Represents dividend that accrued on a restricted stock 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.