Four Corners (FCPT) Director Michael Friedland Receives 34-Share Award

What Happened

• Michael Lawrence Friedland, a director of Four Corners Property Trust, received an award of 34 shares on August 17, 2026. The shares were reported as acquired at $0.00 per share (transaction code A — grant/award). The filing notes these represent dividend equivalent rights settled in common stock rather than an open-market purchase.

Key Details

• Transaction date: 2026-08-17
• Reported acquisition: 34 shares at $0.00 per share (award/grant)
• Filing date: 2026-08-19 (timely within the Form 4 reporting window)
• Footnote: These 34 shares are dividend equivalent rights that accrued on a restricted stock unit award and are settled in common stock (per footnote F1)
• Shares owned after transaction: Not specified in the provided filing

Context

• Dividend equivalent settlements on RSUs are compensation-related awards (not purchases) and reflect dividend reinvestment into stock rather than an insider buy. Such awards are routine for equity-based compensation and do not, by themselves, indicate insider buying or selling sentiment.