Four Corners (FCPT) Director Douglas B. Hansen Receives 41 Shares

What Happened

• Douglas B. Hansen, a director of Four Corners Property Trust, received 41 shares on 2026-09-15. The Form 4 reports this as an "other acquisition" (code J) with no price or total dollar value listed.
• A footnote explains these shares represent dividend equivalent rights that accrued on a restricted stock unit (RSU) award and were settled in common stock (each dividend equivalent equals one share).

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (no late-filing flag indicated in the provided data).
• Shares acquired: 41; price: N/A; total value: N/A.
• Transaction code: J (other acquisition or disposition); footnote F1 clarifies these are dividend-equivalent settlements of RSUs.
• Shares owned after the transaction: not specified in the provided summary.

Context

• Dividend-equivalent settlements are routine corporate actions that convert accrued dividend rights on RSUs into shares; they are not purchases funded from the insider’s cash and do not necessarily signal a change in insider sentiment.
• For retail investors, these small, mechanically driven share issuances are common and typically reflect award plan mechanics rather than active trading decisions.