Four Corners (FCPT) Director Ogilvie Receives 288 Shares
$FCPT · Four Corners Property Trust, Inc.Research Summary
AI-generated summary of this SEC filing
Four Corners (FCPT) Director Ogilvie Receives 288 Shares
What Happened
Ogilvie Marran H., a director of Four Corners Property Trust (FCPT), was reported to have acquired 288 shares on 2026-08-17. The filing lists the transaction as an "other acquisition" (code J) with price shown as N/A; a footnote explains these are dividend equivalent rights from a restricted stock unit that were settled in common stock. This was not a market purchase or sale but a settlement of accrued dividend equivalents.
Key Details
- Transaction date: 2026-08-17; Form 4 filed: 2026-08-19 (appears timely within the 2-business-day window).
- Shares acquired: 288; per-share price: N/A; total value: N/A (not provided).
- Shares owned after transaction: Not disclosed in the filing.
- Transaction code: J (other acquisition); Footnote F1: these are dividend-equivalent rights from an RSU award, settled in common stock.
- No indication of a 10b5-1 plan, gift, sale, or tax-withholding shares in the reported line.
Context
Dividend-equivalent settlements of RSUs are a form of compensation or reinvestment and do not represent an open-market buy or sell decision by the insider. Such transactions are routine and reflect award mechanics rather than a direct signal of insider sentiment.