Form 4: Four Corners Property Trust Director Charles Jemley Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Charles Jemley reports acquisition of 404 shares of Four Corners Property Trust common stock through dividend equivalent rights.
Summary
- On April 15, 2024, Charles Jemley, a director of Four Corners Property Trust, Inc. (FCPT), acquired 404 shares of common stock.
- The acquisition was a result of dividend equivalent rights that accrued on a restricted stock unit award.
- These rights are economically equivalent to one share of FCPT's common stock and are settled in common stock.
- Following the transaction, Jemley directly owns 28,928 shares of FCPT common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating stability and adherence to regulatory requirements. It's a neutral event with a slightly positive implication due to the director increasing their stake in the company.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director ownership.
- It may have a minor positive impact on shareholder confidence due to the director increasing their stake.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of transaction: Charles Jemley acquired 404 shares of common stock. |
| 04/16/2024 | Date of signature: James L. Brat signed the document as Attorney-in-Fact for Charles Jemley. |
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