Four Corners (FCPT) Director Elizabeth Tennican Receives 178 Shares

What Happened

• Elizabeth Tennican, a director of Four Corners Property Trust (FCPT), acquired 178 shares on 2026-09-15. The filing reports the transaction as an "other acquisition" (Form 4 code J) and lists no purchase price (N/A).
• According to the filing footnote, these shares represent dividend equivalent rights that accrued on a restricted stock unit (RSU) award and were settled in common stock. This is a settlement of an award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-16 (filed one day after the transaction).
• Transaction type: Other acquisition (code J) — settled dividend equivalent rights from RSUs.
• Shares acquired: 178; price: N/A (settled in stock, not a cash purchase).
• Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for post-transaction holdings.
• Footnote: F1 — dividend equivalent rights accrued on an RSU and settled in common stock.

Context

• Dividend-equivalent settlements are common for RSU awards and represent accruals paid in stock rather than cash; they do not necessarily signal a new investment decision by the insider.
• This is an award/settlement transaction (not a sale). For full ownership details and any additional disclosures (e.g., tax withholding), consult the complete Form 4 filing (Accession: 0001193125-26-393201).