Stewart Niccole 4

What Happened
Stewart Niccole, Chief Accounting Officer of Four Corners Property Trust (FCPT), was granted 3,917 shares on January 26, 2026. The Form 4 reports this as an award/acquisition (code A) at $0.00 per share (total reported value $0), indicating a compensation grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-26; Form 4 filed: 2026-01-28.
• Transaction type/code: Grant / award / other acquisition (A).
• Shares acquired: 3,917 shares.
• Price per share / reported value: $0.00; total reported value $0.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes/notable items: No 10b5-1 plan, tax-withholding, or other notes were provided in the supplied data.
• Filing timeliness: Form filed two days after the transaction date (appears timely based on the reported dates).

Context
Equity grants like this are typically compensation (e.g., restricted stock or RSUs) and are different from purchases or sales that signal an insider’s view of the stock. A reported $0 price on the Form 4 reflects the nature of the award reporting and does not mean the shares have no economic value; vesting schedules, restrictions, or tax treatment (not shown here) determine when the award is liquid or taxable.