Stewart Niccole 4

What Happened

• Stewart Niccole, Chief Accounting Officer of Four Corners Property Trust (FCPT), received a total of 279 shares on January 15, 2026. The filing shows two non‑cash acquisitions: 171 shares and 108 shares, both reported as "other acquisition or disposition (J)" with price listed as N/A.
• These issuances reflect dividend reinvestment/dividend equivalent accruals on restricted stock unit/award holdings (see footnotes). Because the shares were issued as the economic equivalent of dividends and settled in common stock, there is no cash purchase price to report.

Key Details

• Transaction date: 2026-01-15; Report filed with the SEC: 2026-01-20.
• Transaction code: J (other acquisition/disposition) — dividend equivalents/dividend reinvestment on restricted awards.
• Shares involved: 171 shares (F1) and 108 shares (F2), total 279 shares. Prices shown as N/A (non‑cash settlement).
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.
• Footnotes: F1 = dividend equivalent rights on RSUs, settled in common stock; F2 = dividend on a restricted stock award, settled in common stock.
• Timeliness: The Form 4 reports Jan 15 transactions and was filed on Jan 20. The SEC requires most insiders to file Form 4 within two business days of the transaction, so this filing was submitted several days after the transaction date.

Context

• These transactions are issuances tied to compensation (dividend equivalents and dividend reinvestment on restricted awards), not open‑market purchases or sales. Such dividend‑settled awards increase reported holdings but do not reflect a market buy/sell decision by the insider.
• For retail investors, these are routine compensation-related increases in shares rather than a direct trading signal of insider sentiment.