Four Corners Property Trust (FCPT) CFO logs stock grant and tax shares
Rhea-AI Filing Summary
Four Corners Property Trust Chief Financial Officer Patrick L. Wernig reported two common stock transactions dated January 22, 2026. He acquired 3,279 shares of common stock at a price of $0, consistent with a share grant tied to vesting. On the same date, 6,981 common shares were surrendered to the issuer at $24.28 per share to satisfy tax withholding obligations in connection with the issuance of vested shares. Following these transactions, he directly beneficially owned 132,229 shares of Four Corners Property Trust common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,279 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,981 | $24.28 | $169K |
Footnotes (1)
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FAQ
What insider transactions did FCPT's CFO report on January 22, 2026?
FCPT Chief Financial Officer Patrick L. Wernig reported acquiring 3,279 shares of common stock at $0 and surrendering 6,981 shares at $24.28 per share to the issuer to cover tax withholding obligations tied to vested shares.
What does the Form 4 tax withholding transaction mean for FCPT's CFO?
The Form 4 notes that 6,981 common shares were surrendered to the issuer at $24.28 per share to satisfy tax withholding obligations related to the issuance of vested common shares, which is a common mechanism for covering taxes on equity compensation.
Is the FCPT CFO’s ownership classified as direct or indirect after the transactions?
The Form 4 classifies Patrick L. Wernig’s post-transaction ownership of 132,229 common shares as direct (D) beneficial ownership.
What does transaction code "F" signify in the FCPT Form 4 filing?
Transaction code "F" in this Form 4 refers to shares withheld or surrendered to the issuer to satisfy tax withholding obligations in connection with the issuance of vested common shares, as described in the footnote.