Tennican Elizabeth 4
4 · Four Corners Property Trust, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Four Corners (FCPT) Director Elizabeth Tennican Receives 409 Shares
What Happened
Elizabeth Tennican, a director of Four Corners Property Trust, received 409 shares on April 15, 2026. The transaction is coded "J" (other acquisition); per the filing footnote, these shares represent dividend equivalent rights that accrued on a restricted stock unit (RSU) award and are settled in common stock. No price or dollar value is reported (price listed as N/A).
Key Details
- Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (filed timely).
- Transaction code: J (other acquisition/disposition). Shares acquired: 409; price: N/A.
- Shares owned after the transaction: not specified in the provided filing summary.
- Footnote F1: Dividend equivalent rights accrued on an RSU award; each right equals one share and is settled in common stock.
- This was a settlement of compensation-related rights (not an open-market purchase).
Context
Dividend-equivalent settlements from RSUs are a common compensation/reinvestment mechanism and are recorded as acquisitions on Form 4. They should be viewed as part of compensation plan mechanics rather than an outright market purchase or sale.
Insider Transaction Report
- Other
Common Stock
[F1]2026-04-15+409→ 28,404 total
Footnotes (1)
- [F1]Represents dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the award. Each dividend equivalent right is the economic equivalent of one share of the registrant's common stock and is settled in common stock.