Lenehan William H 4

What Happened
William H. Lenehan, President & CEO and a director of Four Corners Property Trust (FCPT), was issued 16,788 shares as an award on 2026-01-22 (award reported at $0.00). To satisfy tax withholding tied to that issuance, he surrendered 43,235 common shares at $24.28 each, a disposal valued at $1,049,746. The award (A) represents an acquisition of vested shares; the surrender (F) is a routine tax-withholding disposition.

Key Details

• Transaction dates: 2026-01-22 (award issued and shares surrendered)
• Award: 16,788 shares acquired at $0.00 (issuance of vested shares)
• Surrender for taxes: 43,235 shares disposed at $24.28, total $1,049,746
• Footnote: F1 — common shares were surrendered to the issuer to satisfy tax withholding obligations related to the issuance of vested common shares
• Filing: Form 4 filed 2026-01-26 (timely filed based on the reported transaction date)
• Shares owned after transaction: Not disclosed in the provided filing

Context
This was not an open-market sale but a cashless-type withholding to cover taxes on newly issued vested shares. Such surrender-for-tax transactions are common following awards and do not necessarily indicate a change in the insider’s view of the company.