Form 4: Four Corners Property Trust CFO Increases Stake Through Dividend Reinvestment

Four Corners Property Trust's Chief Financial Officer, Patrick L. Wernig, increased his direct beneficial ownership of common stock by 1,043 shares through dividend reinvestment.

Summary

• Patrick L. Wernig, Chief Financial Officer of Four Corners Property Trust, Inc. (FCPT), acquired a total of 1,043 shares of common stock on July 15, 2025.
• The acquisition included 764 shares from dividend equivalent rights accrued on a restricted stock unit award, settled in common stock.
• An additional 279 shares were acquired from dividends accrued on a restricted stock award, also through a dividend reinvestment feature.
• Following these transactions, Mr. Wernig's direct beneficial ownership of Four Corners Property Trust common stock increased to 133,627 shares.
• The transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates increased insider ownership and alignment with shareholder interests through a routine, non-discretionary dividend reinvestment process.

Positives

• Increased insider ownership by the Chief Financial Officer, aligning management interests with shareholders.
• The acquisition of shares through dividend reinvestment indicates a routine and consistent approach to equity compensation and shareholder returns.

Industry Context

This transaction is a routine insider filing, common across all industries, reflecting an executive's participation in equity compensation plans and dividend reinvestment programs. It does not provide specific insights into broader industry trends for real estate investment trusts (REITs) or the restaurant property sector.

Related Party Transactions

• The acquisition of common stock by Patrick L. Wernig, the Chief Financial Officer, constitutes a related party transaction as it involves an executive officer of the company.

Stakeholder Impact

• Shareholders: Increased alignment of management's financial interests with those of shareholders due to higher insider ownership.
• Employees: No direct impact on general employees is indicated by this filing.

Key Dates

Keywords

Four Corners Property Trust, FCPT, Patrick L. Wernig, Chief Financial Officer, CFO, Insider Transaction, Form 4, SEC Filing, Dividend Reinvestment, Restricted Stock Units, Restricted Stock Award, Beneficial Ownership, Equity Compensation, Rule 10b5-1