Four Corners Property Trust (FCPT) COO reports 685 dividend-share equivalents
Rhea-AI Filing Summary
Four Corners Property Trust Chief Operations Officer James L. Brat reported two J-code “other” transactions in common stock, totaling 685 share equivalents. Footnotes explain these reflect dividend equivalent rights and dividends credited on existing restricted stock unit and restricted stock awards through a dividend reinvestment feature, rather than discretionary trading activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 685 shares
Net Buy
2 txns
Insider
Brat James L
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 246 | -- | -- |
| Other | Common Stock F2 | 439 | -- | -- |
Holdings After Transaction:
Common Stock — 137,452 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: 439 shares
Dividend shares on restricted stock: 246 shares
Total restructuring shares: 685 shares
+1 more
4 metrics
Dividend equivalent rights
439 shares
Accrued on a restricted stock unit award under a dividend reinvestment feature (J-code transaction)
Dividend shares on restricted stock
246 shares
Dividend accrued on a restricted stock award under a dividend reinvestment feature (J-code transaction)
Total restructuring shares
685 shares
Transaction summary restructuringShares for two J-code “other” transactions
Net buy/sell shares
0 shares
Transaction summary netBuySellShares, reflecting neutral net buying/selling activity
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 pursuant to the dividend"
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.
FAQ
What insider activity did FCPT’s COO report in this Form 4?
FCPT’s Chief Operations Officer James L. Brat reported two J-code “other” transactions involving a total of 685 common-share equivalents. These arose from dividend-related credits on existing restricted stock unit and restricted stock awards, not from new open-market purchases or sales.
What are the J-code transactions reported for FCPT’s COO?
Both transactions are coded J – “Other acquisition or disposition” of common stock. According to the footnotes, they represent dividend equivalent rights and dividends credited on existing equity awards, classified as restructuring-type entries rather than standard buys or sells.
What are dividend equivalent rights referenced in FCPT’s Form 4?
Dividend equivalent rights are described as the economic equivalent of one share of FCPT common stock, accruing on a restricted stock unit award. They are settled in common stock and arise under the award’s dividend reinvestment feature when dividends are paid.
Do the FCPT COO’s Form 4 entries indicate net buying or selling?
The transaction summary shows netBuySellShares of 0 and a netBuySellDirection of “neutral”. Activity is categorized as two “other” restructuring transactions related to dividend accruals on equity awards, not conventional open-market buys or sells.