FCPT (NYSE: FCPT) director adds 765 shares from RSU dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Four Corners Property Trust director reports routine equity adjustment tied to RSUs. Director Marran H. Ogilvie recorded an "other" transaction involving 765 shares of common stock on April 15, 2026 at a price of $0.00 per share. A footnote explains these represent dividend equivalent rights that accrued on a restricted stock unit award under its dividend reinvestment feature, with each right economically equal to one share and settled in common stock. Following this adjustment, the director directly holds 60,289 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ogilvie Marran H.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 765 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 60,289 shares (Direct)
Footnotes (1)
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Key Figures
Other transaction shares: 765 shares
Transaction price: $0.00 per share
Shares held after transaction: 60,289 shares
3 metrics
Other transaction shares
765 shares
Dividend equivalent rights settled on April 15, 2026
Transaction price
$0.00 per share
Reported price for dividend equivalent settlement
Shares held after transaction
60,289 shares
Director’s direct common stock holdings after adjustment
Key Terms
dividend equivalent rights, restricted stock unit award, dividend reinvestment feature
3 terms
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued on a restricted stock unit award"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock unit award financial
"dividend equivalent rights that accrued on a restricted stock unit award pursuant to the dividend reinvestment feature"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
dividend reinvestment feature financial
"accrued on a restricted stock unit award pursuant to the dividend reinvestment feature of the award"
FAQ
What insider transaction did FCPT director Marran H. Ogilvie report?
Marran H. Ogilvie reported an "other" transaction involving 765 shares of Four Corners Property Trust common stock. These arose from dividend equivalent rights linked to a restricted stock unit award and were settled in stock at a reported price of $0.00 per share.
What are dividend equivalent rights mentioned in the FCPT Form 4?
Dividend equivalent rights are awards that mirror dividends on underlying stock units. In this case, they accrued on a restricted stock unit award, with each right economically equal to one share of Four Corners Property Trust common stock and settled directly in common stock.
What does transaction code "J" mean in the FCPT Form 4 filing?
Transaction code "J" indicates another type of acquisition or disposition that is not a straightforward market buy or sell. Here, it describes 765 dividend equivalent rights accruing on a restricted stock unit award and being settled in Four Corners Property Trust common stock.