Form 4: FCPT COO James Brat Reports Stock Transactions

Four Corners Property Trust COO James Brat reported the acquisition of 3,263 common shares and the disposition of 8,847 shares for tax withholding purposes.

Summary

• James L. Brat, Chief Operations Officer of Four Corners Property Trust, Inc. (FCPT), reported changes in his beneficial ownership of common stock.
• On January 22, 2026, Mr. Brat acquired 3,263 shares of common stock at a price of $0.
• On the same date, he disposed of 8,847 shares of common stock at a price of $24.28 per share.
• The disposition of shares was explicitly stated as being to satisfy tax withholding obligations in connection with the issuance of vested common shares.
• Following these transactions, Mr. Brat's direct beneficial ownership of common stock stands at 120,123 shares.

Sentiment

Score: 5

Explanation: The filing details a routine insider transaction involving the acquisition of vested shares and the subsequent disposition of a portion of those shares to cover tax withholding obligations. This is a standard event for executive compensation and does not indicate any significant change in company performance or insider sentiment.

Positives

• Acquisition of 3,263 common shares, increasing overall ownership before tax withholding.

Negatives

• Disposition of 8,847 common shares, resulting in a net reduction of 5,584 shares in direct beneficial ownership (8,847 disposed 3,263 acquired).

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, compensation-related insider transaction.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Four Corners Property Trust, FCPT, insider transaction, Form 4, beneficial ownership, stock transaction, James L. Brat, COO, common stock, tax withholding