Form 4: Four Corners Property Trust: Officer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Niccole Stewart, Chief Accounting Officer of Four Corners Property Trust, reports changes in beneficial ownership of company stock due to vesting of performance shares and tax withholding.
Summary
- On January 22, 2025, Niccole Stewart, Chief Accounting Officer of Four Corners Property Trust, reported changes in their beneficial ownership of the company's common stock.
- These changes are due to the vesting of performance shares and the surrender of shares to cover tax withholding obligations.
- Stewart acquired 3,368 shares, 2,006 shares and 3,287 shares at $0.
- Stewart disposed of 4,516 shares at $27.48 to satisfy tax obligations.
- Following these transactions, Stewart's direct ownership is 40,071 shares.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The vesting of performance shares suggests the company met certain performance criteria.
Industry Context
Form 4 filings are a routine part of compliance for publicly traded companies, providing transparency into the trading activities of company insiders. This filing indicates transactions by a key officer, which is typical activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/22/2022 | Date of original grant of performance shares. |
| 01/22/2025 | Date of transaction (acquisition and disposition of shares). |
| 01/24/2025 | Date of signature on the Form 4 filing. |
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