Wernig Patrick L. 4

What Happened Patrick L. Wernig, Chief Financial Officer of Four Corners Property Trust (FCPT), was credited with a total of 1,166 shares on January 15, 2026. The filing shows two "other acquisition or disposition" (code J) entries: 854 shares and 312 shares. No purchase price or total dollar value is reported; these shares represent dividend-equivalent rights and dividend reinvestment tied to restricted stock/RSU awards, settled in common stock rather than cash.

Key Details

• Transaction date: 2026-01-15 (two entries: 854 shares and 312 shares; total = 1,166 shares).
• Reported price: N/A (shares issued as dividend equivalents / reinvestment; no cash consideration).
• Filing date / timeliness: Form 4 filed 2026-01-20 (filed five days after the transaction date; appears later than the typical two-business-day reporting window).
• Footnotes: F1 = dividend-equivalent rights on an RSU award settled in common stock; F2 = dividends on restricted stock reinvested and settled in common stock.
• Shares owned after the transaction: not specified in the filing.

Context These entries are not open-market purchases or sales but stock issuances tied to the dividend reinvestment feature of restricted awards. Such crediting is typically administrative (compensatory/dividend-related) and does not necessarily indicate a change in the insider's view of the company. The later filing date is noted for investors tracking timely insider reporting.