Form 4: Four Corners Property Trust Executive James L. Brat Reports Changes in Beneficial Ownership
SEC Form 4 Filing
James L. Brat, Chief Operations Officer of Four Corners Property Trust, reports acquisition and disposal of common stock due to vesting of performance shares and tax obligations.
Summary
- On January 22, 2025, James L. Brat, Chief Operations Officer of Four Corners Property Trust, reported changes in his beneficial ownership of the company's common stock.
- He acquired 12,976 shares, 5,299 shares and 8,660 shares of common stock as a result of the Company having met certain performance criteria, pursuant to the Company's grant of performance shares on January 22, 2022.
- He disposed of 22,533 shares to satisfy tax withholding obligations related to the vesting of these shares at a price of $27.48 per share.
- Following these transactions, Brat's direct ownership stands at 123,344 shares of common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation. The vesting of performance shares is a slightly positive sign, but the tax-related disposal is a standard occurrence.
Positives
- The vesting of performance shares suggests that the company met certain performance criteria, which is a positive indicator.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not indicate a change in the company's overall financial health.
Key Dates
| Date | Description |
|---|---|
| 01/22/2022 | Date of the Company's grant of performance shares. |
| 01/22/2025 | Date of transaction: acquisition and disposal of shares. |
| 01/24/2025 | Date of signature for the Form 4 filing. |
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