Brat James L 4
4 · Four Corners Property Trust, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Four Corners (FCPT) COO James L. Brat Receives 680 Shares
What Happened
James L. Brat, Chief Operations Officer of Four Corners Property Trust (FCPT), acquired a total of 680 shares on April 15, 2026 via dividend reinvestment tied to equity awards. The Form 4 shows two "other acquisition" entries: 244 shares and 436 shares; no cash price is reported because these were settled as stock (dividend-equivalent accruals), not open-market purchases.
Key Details
- Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (filed timely within the usual two-business-day window).
- Reported entries: 244 shares (code J) and 436 shares (code J); total = 680 shares. No per-share price or cash value reported (N/A).
- Shares owned after transaction: not specified in the provided excerpt.
- Footnotes: F1 = dividend-equivalent rights from a restricted stock unit (settled in common stock). F2 = dividend accrued on a restricted stock award and reinvested (settled in common stock).
- Transaction code J indicates "other acquisition or disposition" (here, dividend reinvestment/settlement).
Context
These transactions reflect dividend-equivalent accruals from previously granted restricted stock/RSU awards that were settled in common stock via the award's dividend-reinvestment feature. Such reinvestments are routine and represent award settlement rather than an open-market buy (and therefore are not a straightforward bullish signal).
Insider Transaction Report
- Other
Common Stock
[F1]2026-04-15+244→ 136,331 total - Other
Common Stock
[F2]2026-04-15+436→ 136,767 total
Footnotes (2)
- [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.
- [F2]Represents dividend that accrued on a restricted stock award pursuant to the dividend reinvestment feature of the award.