Four Corners (FCPT) COO James L. Brat Receives 234 Shares via Dividend Reinvestment

What Happened
James L. Brat, Chief Operations Officer of Four Corners Property Trust (FCPT), was credited with two acquisitions totaling 234 shares on 2026-08-17 (84 shares and 150 shares). The reported transactions are "other acquisition or disposition (J)" and show price as N/A because these shares represent dividend-equivalent credits and dividend reinvestment tied to restricted stock/RSU awards rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-17 (filed on 2026-08-19). Filing timing is within the normal 2-business-day Form 4 window.
• Shares acquired: 84 shares (item with footnote F1) and 150 shares (item with footnote F2), total 234 shares.
• Price: N/A (shares issued/credited under dividend reinvestment features, not a cash purchase).
• Shares owned after the transaction: not specified in the filing summary provided.
• Footnotes:
  • F1: Dividend equivalent rights that accrued on an RSU award and are settled in common stock.
  • F2: Dividend that accrued on a restricted stock award pursuant to dividend reinvestment.
• No indication of a 10b5-1 plan, cashless exercise, gift, or tax-withholding sale in the reported items.

Context
These transactions reflect automatic dividend reinvestment/settlement of equity awards (additional shares credited to existing restricted stock/RSU awards). They are routine award-related credits rather than new open-market purchases or sales and therefore should be viewed as administrative/compensation-related activity rather than a direct market sentiment signal.