Brat James L 4

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).