Lenehan William H 4

What Happened

• William H. Lenehan, President, CEO and a director of Four Corners Property Trust (FCPT), was granted two equity awards on 2026-01-26: 6,672 shares and 65,532 shares (total 72,204 shares). The Form 4 reports an acquisition price of $0.00 for each grant (transaction code A = award/grant), indicating compensation stock awards rather than open-market purchases.

Key Details

• Transaction date: 2026-01-26 (filed on SEC on 2026-01-28).
• Grant details: 6,672 shares @ $0.00 and 65,532 shares @ $0.00 (total 72,204 shares); Form 4 uses code "A" for award/grant.
• Shares owned after transaction: not specified on the provided summary of the filing.
• Footnotes/plan signals: no 10b5-1 trading plan, sale, tax-withholding, or cashless-exercise lines shown in the reported transactions.
• Filing timeliness: Form 4 was filed two days after the transaction date (2026-01-28 for a 2026-01-26 transaction), which appears to be within the standard two-business-day reporting window.

Context

• Awards reported with $0.00 acquisition price are typically compensation grants (e.g., restricted stock or RSUs) and reflect pay or incentives, not a market purchase—these are routine for executives and do not by themselves indicate a buy/sell market signal.
• Vesting schedules, performance conditions, or restrictions (if any) are not detailed here; those terms affect when the insider actually owns or can sell the shares.