Steele Toni S 4

What Happened
Toni S. Steele, a director of Four Corners Property Trust, Inc. (FCPT), was credited with 329 shares on January 15, 2026. The shares were not purchased on the open market but represent dividend-equivalent rights accrued on a restricted stock unit (RSU) award and are to be settled in common stock. No per-share price or cash value is reported for this transaction.

Key Details

• Transaction date: 2026-01-15; Transaction code: J (other acquisition or disposition) — 329 shares acquired.
• Price: N/A (shares settled as dividend equivalents, not an open-market trade).
• Footnote: F1 — these are dividend equivalent rights that accrued on an RSU award and are settled in common stock.
• Filing: Form 4 was filed on 2026-01-20 (five days after the transaction), which exceeds the normal two-business-day Form 4 reporting window and may indicate a late filing.
• Shares owned after the transaction: not specified in the provided excerpt.

Context
This was not a cash purchase but a settlement of dividend equivalents tied to RSUs — a routine compensation-related issuance rather than a market buy or sale. Such dividend-equivalent settlements are common and do not necessarily signal a change in the insider’s view of the company’s prospects.