Jemley Charles 4

What Happened

• Jemley Charles, a director of Four Corners Property Trust, acquired 592 shares on April 15, 2026. The Form 4 reports the transaction as an "other acquisition" (code J) with no per-share price or cash value listed.
• The shares represent dividend-equivalent rights that accrued on a restricted stock unit (RSU) award and were settled in common stock (see footnote F1). This is a non-cash issuance tied to RSU dividend reinvestment, not an open-market purchase.

Key Details

• Transaction date: 2026-04-15; filing date: 2026-04-17 (appears timely under Form 4 rules).
• Price/Value: N/A (settlement of dividend equivalents; no cash consideration reported).
• Shares acquired: 592 (settled in common stock per footnote F1).
• Footnote F1: Each dividend equivalent right equals one share of common stock and is settled in common stock under the award’s dividend reinvestment feature.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.

Context

• This was a stock settlement of dividend-equivalent rights from an RSU, a common non-cash corporate compensation event. Such issuances reflect award terms and dividend reinvestment mechanics rather than an insider buying or selling on the open market.