Four Corners Property Trust (NYSE: FCPT) director credited 410 dividend share rights

Rhea-AI Filing Summary

Four Corners Property Trust, Inc. director Toni S. Steele reported an automatic accrual of 410 dividend equivalent rights on an existing restricted stock unit award on 2026-07-15. Each right is the economic equivalent of one share and will be settled in common stock. Following this accrual, Steele holds 31,306 shares of common stock directly.

Insider Trade Summary

Net Buyer: 410 shares

Net Buy 1 txn

Insider Steele Toni S

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock F1	410	--	--

Holdings After Transaction: Common Stock — 31,306 shares (Direct)

Footnotes (1)

1. 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.

Key Figures

Dividend equivalent rights accrued: 410 Shares owned after transaction: 31,306 Transaction date: 2026-07-15 +1 more

4 metrics

Dividend equivalent rights accrued 410 Accrued on a restricted stock unit award pursuant to a dividend reinvestment feature

Shares owned after transaction 31,306 Total Four Corners Property Trust common shares held directly by Toni S. Steele following the transaction

Transaction date 2026-07-15 Date the dividend equivalent rights accrued on the restricted stock unit award

Restructuring-related shares 410 Shares classified in transaction summary as restructuringShares tied to code J adjustment

Key Terms

dividend equivalent rights, restricted stock unit, dividend reinvestment feature, economic equivalent

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

"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"

economic equivalent financial

"Each dividend equivalent right is the economic equivalent of one share"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/16/2026 - 06:00 PM Accepted by SEC EDGAR 07/16/2026 - 06:00 PM Learn about SEC filing dates

FAQ

What insider transaction did Four Corners Property Trust (FCPT) director Toni S. Steele report?

Toni S. Steele reported an accrual of 410 dividend equivalent rights tied to a restricted stock unit award. These rights arose from a dividend reinvestment feature and are economically equivalent to common shares, settled in Four Corners Property Trust stock.

How many Four Corners Property Trust (FCPT) shares does Toni S. Steele hold after this Form 4 transaction?

After the reported transaction, Toni S. Steele directly holds 31,306 shares of Four Corners Property Trust common stock. This figure includes the impact of the 410 dividend equivalent rights that accrued on her restricted stock unit award.

Was the July 15, 2026 FCPT Form 4 a market purchase or sale of shares?

No open-market buy or sell occurred. The Form 4 shows 410 dividend equivalent rights accruing on a restricted stock unit award under a dividend reinvestment feature, a compensation-related adjustment rather than a discretionary trade in the market.

What are the dividend equivalent rights reported for FCPT on Toni S. Steele’s Form 4?

The filing states the transaction represents dividend equivalent rights that accrued on a restricted stock unit award. Each right is the economic equivalent of one common share of Four Corners Property Trust and will be settled in common stock.

How is the Form 4 transaction for FCPT classified and what is its size?

The transaction is coded as an “other acquisition or disposition” (code J) and reflects 410 dividend equivalent rights. The summary data classifies this as part of a restructuring-type adjustment rather than a standard purchase or sale.

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^*

Steele Toni S

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/15/2026		J		410(1)	A	(1)	31,306	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:

1. 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 Toni Steele	07/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)