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Four Corners Property Trust (NYSE: FCPT) director gets 713 dividend equivalent rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Friedland Michael Lawrence reported acquisition or exercise transactions in this Form 4 filing.

Four Corners Property Trust, Inc. director Michael Lawrence Friedland reported stock-based compensation and a small administrative adjustment in his holdings. On 2026-06-30 he received 713 dividend equivalent rights tied to a restricted stock unit award at $0.0000 per share, each economically equivalent to one common share and settled in stock. On 2026-07-15, a Form 4 notes an additional 100-share “other” transaction, classified as a restructuring-type adjustment. Following these events, he directly holds 7,008 common shares. The Form 4 was filed late due to an inadvertent administrative error related to a change in his election.

Positive

  • None.

Negative

  • None.
Insider Friedland Michael Lawrence
Role Director
Type Security Shares Price Value
Other Common Stock 100 -- --
Grant/Award Common Stock 713 $0.00 --
Holdings After Transaction: Common Stock — 7,008 shares (Direct)
Footnotes (1)
  1. This Form 4 is being filed late due to inadvertent administrative error due to a change in election by the reporting person. 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.
Dividend equivalent rights award 713 shares Grant/award acquisition on 2026-06-30 tied to a restricted stock unit
Award price per share 0.0000 Price per share for the 713-share dividend equivalent rights grant
Other transaction shares 100 shares J-code other transaction on 2026-07-15 classified as restructuring-type
Holdings after 2026-06-30 award 6,908 shares Total direct common shares following the 713-share grant
Holdings after 2026-07-15 transaction 7,008 shares Total direct common shares following the 100-share other transaction
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"

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did FCPT director Michael Lawrence Friedland report?
Friedland reported two transactions: a grant of 713 dividend equivalent rights on 2026-06-30 at $0.0000 per share, and a separate 100-share “other” restructuring-type transaction on 2026-07-15 affecting his direct holdings.

How many Four Corners Property Trust (FCPT) shares does Michael Lawrence Friedland now hold?
After the reported transactions, Friedland directly holds 7,008 shares of Four Corners Property Trust common stock. This reflects the 713-share dividend equivalent rights award and a 100-share other transaction recorded in mid-2026.

What is the nature of the 713-share award reported by FCPT’s director?
The 713-share award represents dividend equivalent rights that accrued on a restricted stock unit grant through a dividend reinvestment feature. Each right is economically equivalent to one FCPT common share and is settled in common stock.

Was the FCPT Form 4 for Michael Lawrence Friedland filed on time?
The Form 4 was filed late. A footnote explains the delay was due to an inadvertent administrative error arising from a change in election by the reporting person, rather than from trading-related issues.

Did Michael Lawrence Friedland buy or sell FCPT shares on the open market?
The reported Form 4 shows a grant of stock-based compensation and a 100-share other transaction, not open-market purchases or sales. The 713-share award was granted at $0.0000 per share as part of his director compensation.

How does the 100-share transaction for FCPT’s director affect his holdings?
The 2026-07-15 transaction affected 100 shares and is coded as an “other” restructuring-type event. After this adjustment, Friedland’s direct holdings in Four Corners Property Trust total 7,008 common shares.
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/30/2026A713(1)A$06,908D
Common Stock07/15/2026J100(2)A(2)7,008D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This Form 4 is being filed late due to inadvertent administrative error due to a change in election by the reporting person.
2. 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 Friedland07/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR