Friedland Michael Lawrence 4

What Happened

• Michael Lawrence Friedland, a director of Four Corners Property Trust (FCPT), was credited with 14 shares on April 15, 2026. The transaction is reported as an "other acquisition" (code J) with price listed as N/A — these shares were issued as dividend equivalent rights settled in common stock, not bought on the open market. This is a routine compensation/settlement event rather than a market purchase.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely filing).
• Shares involved: 14 shares; reported price: N/A (shares issued/settled, not purchased).
• Footnote: These represent dividend equivalent rights that accrued on an RSU award under the award's dividend reinvestment feature and are settled in common stock (Footnote F1).
• Shares owned after transaction: not specified in the provided filing.
• No 10b5-1 plan, sale, or tax-withholding details were reported in the provided excerpt.

Context

• Dividend-equivalent settlements on restricted stock units are a common form of compensation for directors and employees; they reflect reinvested dividends credited as additional shares and do not necessarily indicate insider buying or selling intent.