Form 4: FCPT Officer Niccole Stewart Boosts Stock Holdings

Four Corners Property Trust's Chief Accounting Officer, Niccole Stewart, increased her beneficial ownership of common stock through routine dividend reinvestment.

Summary

• Niccole Stewart, Chief Accounting Officer of Four Corners Property Trust, Inc. (FCPT), reported changes in her beneficial ownership of common stock.
• On October 15, 2025, Stewart acquired 167 shares of FCPT common stock, representing dividend equivalent rights accrued on a restricted stock unit award, settled in common stock.
• On the same date, she also acquired 105 shares of FCPT common stock, representing dividends accrued on a restricted stock award, pursuant to a dividend reinvestment feature.
• Following these transactions, Niccole Stewart beneficially owns a total of 27,774 shares of FCPT common stock directly.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The increase in insider ownership, even through routine dividend reinvestment, is generally viewed as a positive signal of management's continued alignment with shareholder interests and confidence in the company's performance.

Positives

• Niccole Stewart, Chief Accounting Officer, increased her beneficial ownership of Four Corners Property Trust common stock.
• The increase in ownership, through dividend reinvestment, indicates continued confidence in the company by a key executive.
• The transactions were executed under a Rule 10b5-1(c) plan, suggesting pre-planned, routine activity.

Future Outlook

This filing does not contain forward-looking statements or guidance.

Industry Context

Insider transactions, particularly those involving dividend reinvestment, are common in the REIT sector and generally viewed as a routine mechanism for executives to increase their stake and align with shareholder interests.

Stakeholder Impact

• Shareholders may view the increase in executive ownership as a positive indicator of management's commitment and alignment with long-term company performance.

Key Dates

Recommendation

While the increase in insider ownership through dividend reinvestment is a positive signal of management's alignment and confidence, these are routine, non-discretionary transactions and do not typically warrant a 'buy' recommendation on their own. It reinforces a 'hold' stance for existing investors, indicating no immediate negative signals.

Keywords

FCPT, Four Corners Property Trust, Niccole Stewart, Insider Transaction, Form 4, Stock Ownership, Dividend Reinvestment, Chief Accounting Officer, Real Estate Investment Trust