Friedland Michael Lawrence 4

What Happened

• Michael Lawrence Friedland, a director of Four Corners Property Trust (FCPT), was granted 713 shares on 2026-06-30 (reported as an award/acquisition, code A) at $0.00 and subsequently acquired 100 shares on 2026-07-15 (code J; acquisition price N/A). The Form 4 records the 713 shares as a $0.00 award; the 100-share line is reported as an other acquisition with no price shown.

Key Details

• Transaction dates and prices:
  • 2026-06-30: Award/grant of 713 shares @ $0.00 (code A).
  • 2026-07-15: Other acquisition of 100 shares @ N/A (code J).
• Shares owned after transaction: Not disclosed in the summary information provided in your prompt / not reported here.
• Footnotes:
  • F1: Filing was late due to an inadvertent administrative error following a change in election by the reporting person (timeliness = L).
  • F2: The 100-share acquisition represents dividend equivalent rights that accrued on a restricted stock unit award and are settled in common stock (each DE right = one share).
• Filing status: Late filing was disclosed; late filings can reduce the immediate transparency of insider activity.

Context

• The primary activity is compensation-related (award/Dividend Equivalent rights), not an open-market purchase or sale. Grants and dividend-equivalent settlements are routine forms of executive/director compensation and do not, by themselves, indicate the insider buying or selling stock for investment purposes.