Brat James L 4

What Happened
James L. Brat, Chief Operations Officer of Four Corners Property Trust (FCPT), was credited with two acquisitions on July 15, 2026: 246 shares and 439 shares (total 685 shares). The transactions are coded as "Other acquisition or disposition (J)" and show no price (N/A) because they represent dividend-equivalent rights and a dividend reinvestment settlement rather than an open-market purchase.

Key Details

• Transaction dates: 2026-07-15 (both entries). Price: N/A (shares issued/settled, not bought on market).
• Total shares received: 685 (246 + 439).
• Shares owned after the transactions: not reported in the provided Form 4.
• Footnotes:
  • F1 — dividend equivalent rights accrued on an RSU award; each right equals one share and is settled in common stock.
  • F2 — dividend accrued on a restricted stock award under a dividend reinvestment feature.
• Filing date: 2026-07-16 (filed within the Form 4 reporting window; not marked late).

Context
These entries reflect routine share accruals from dividend equivalents and dividend reinvestment into stock — common, automated settlements that do not represent an active open-market buy or sell decision by the insider. Such transactions are usually administrative and should not be interpreted alone as a directional signal about the insider’s view of the company.