Four Corners (FCPT) COO James L. Brat Receives 250 Dividend Shares

What Happened

• James L. Brat, Chief Operations Officer of Four Corners Property Trust (FCPT), was credited with a total of 250 shares on Sept 15, 2026. The filing shows two "other acquisition" entries: 90 shares and 160 shares. No cash price is reported (N/A) because these shares were issued as dividend equivalents/dividend reinvestment rather than purchased on the open market.

Key Details

• Transaction date: 2026-09-15 (Form 4 filed 2026-09-16 — timely).
• Shares acquired: 90 shares (code J) and 160 shares (code J), total 250 shares.
• Price: N/A (shares issued as dividend equivalents/reinvestment; no cash price).
• Footnotes: F1 = dividend equivalent rights accrued on an RSU award (settled in common stock). F2 = dividend accrued on a restricted stock award pursuant to dividend reinvestment.
• Shares owned after the transaction: not specified in the information provided.
• Code J indicates "other acquisition or disposition" — here reflecting share issuance from dividend reinvestment rather than a market trade.

Context

• These entries reflect routine issuance of shares tied to dividend reinvestment on restricted stock/RSU awards, not an open-market purchase or sale. Such issuances are common and generally reflect plan mechanics rather than a direct signal about the insider's view of the stock.