Four Corners (FCPT) Director Jemley Receives 245 Dividend-Equivalent Shares

What Happened Jemley Charles, a director of Four Corners Property Trust, acquired 245 shares on 2026-09-15 via an "other acquisition or disposition" (code J) reported on a Form 4 filed 2026-09-16. The filing lists the shares as dividend-equivalent rights settled in common stock tied to a restricted stock unit award; no purchase price or cash value is reported (price = N/A).

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-16 (timely under Section 16 reporting rules).
• Transaction type/code: Other acquisition or disposition (J) — settlement of dividend-equivalent rights from RSUs.
• Shares acquired: 245; price/aggregate value: N/A (stock-settled, not a cash purchase).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote: F1 — these are dividend-equivalent rights that accrued on an RSU award and are settled in common stock (each right equals one share).

Context This was a stock-settled dividend-equivalent distribution tied to existing restricted stock units, not an open-market buy or sale. Such dividend-equivalent settlements are typically routine plan-related events and reflect award terms rather than a directional trading decision by the insider.