Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-16

Four Corners Property Trust, Inc. (FCPT)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,701,486
William Lenehan total, FY2025
43rd
CEO pay percentile vs peers
265:1
CEO-to-median pay ratio
97.03%
Say-on-pay support, latest vote
Companies that benchmark against FCPT
13 companies name FCPT as a compensation peer

Each company listed discloses FCPT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FCPT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Lenehan$724,605$905,756$3,705,794$0$0$0$365,332$5,701,486
President and Chief Executive Officer
James Brat487,535316,897899,782000190,0921,894,305
Chief Operations Officer, General Counsel and Secretary
Patrick Wernig454,842318,390788,52800055,0831,616,843
Chief Financial Officer and Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
William Lenehan$5,701,486$4,616,714$5,342,066+1,084,772
James Brat1,894,3051,387,2561,952,792+507,049
Patrick Wernig1,616,8431,548,205+68,638

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
William H. LenehanDirector2026-05-05A3,961$25$99,919CommonForm 4 ↗
Marran H. OgilvieDirector2026-06-04A5,22200CommonForm 4 ↗
Barbara JesueleDirector2026-06-04A5,22200CommonForm 4 ↗
Liz TennicanDirector2026-06-04A5,22200CommonForm 4 ↗
Toni SteeleDirector2026-06-04A5,22200CommonForm 4 ↗
Douglas B. HansenDirector2026-06-04A7,72800CommonForm 4 ↗
Michael FriedlandDirector2026-06-04A5,22200CommonForm 4 ↗
Charles L. JemleyDirector2026-06-04A5,22200CommonForm 4 ↗
Michael FriedlandDirector2026-06-30A71300CommonForm 4 ↗
Michael FriedlandDirector2026-06-30A100CommonForm 4 ↗
James BratChief Operations Officer2026-07-15A439CommonForm 4 ↗
Patrick WernigChief Financial Officer2026-07-15A392CommonForm 4 ↗
Liz TennicanDirector2026-07-15A489CommonForm 4 ↗
Barbara JesueleDirector2026-07-15A323CommonForm 4 ↗
Charles L. JemleyDirector2026-07-15A672CommonForm 4 ↗
Douglas B. HansenDirector2026-07-15A112CommonForm 4 ↗
William H. LenehanDirector2026-07-15A98CommonForm 4 ↗
Marran H. OgilvieDirector2026-07-15A847CommonForm 4 ↗
Patrick WernigChief Financial Officer2026-07-15A869CommonForm 4 ↗
William H. LenehanDirector2026-07-15A1,883CommonForm 4 ↗
Niccole StewartChief Accounting Officer2026-07-15A113CommonForm 4 ↗
James BratChief Operations Officer2026-07-15A246CommonForm 4 ↗
Toni SteeleDirector2026-07-15A410CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William LenehanRSU2025-01-2221,974$603,838
William LenehanRSU2025-01-224,915135,064
Patrick WernigRSU2025-01-2211,038303,324
Patrick WernigRSU2025-01-225,349147,000
Patrick WernigPSU2025-02-255,51911,03822,076338,204
William LenehanRSU2025-01-2256,3401,548,223
James BratRSU2025-01-2212,976356,580
James BratPSU2025-02-256,48812,97625,951397,585
William LenehanPSU2025-02-2528,17056,340112,6791,726,258
James BratRSU2025-01-225,299145,617
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Lenehan$2,287,125$1,726,258$043.0%
Patrick Wernig450,324338,204042.9%
James Brat502,197397,585044.2%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Patrick WernigPSU11,038$254,536
Patrick WernigPSU5,721131,926
Patrick WernigRSU11,038254,536
William LenehanRSU56,3401,299,200
William LenehanPSU56,3401,299,200
William LenehanRSU40,367930,863
Patrick WernigPSU5,045116,338
Patrick WernigRSU12,611290,810
James BratRSU8,429194,373
James BratRSU12,976299,227
James BratPSU12,644291,571
William LenehanPSU60,5511,396,306
James BratPSU12,976299,227
Patrick WernigRSU3,81487,951
Patrick WernigRSU3,36377,551
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation program is a pay-for-performance model based upon the philosophy that we should incentivize our NEOs to improve our financial performance, profitably grow our business and increase stockholder value and focus on rewarding the attainment of these objectives.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantSemler Brossy
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0495,046,5092,913,864115,01597.03%Passed
20252025-06-0587,365,6391,295,14398,80198.54%Passed
20242024-06-0681,276,8541,794,560100,59397.84%Passed
20232023-06-0873,122,8704,142,40698,01894.64%Passed
20222022-06-1069,093,0941,800,64890,35197.46%Passed
20212021-06-1164,020,1251,121,222106,06398.28%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0497.03%a
20252025-06-0598.54%b
20242024-06-0697.84%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will not be counted as votes cast on Proposal One and will have no effect on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will not be counted as votes cast on Proposal One and will have no effect on this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will not be counted as votes cast on Proposal One and will have no effect on this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)265 : 1
CEO total compensation$5,701,486
Median employee compensation$21,511
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Douglas B. HansenIndependent · Board Chair · Compensation (Chair) · Investment$100,714$185,000$0$0$0$285,714
Charles L. JemleyIndependent · Audit and Risk (Chair) · Nominating and Governance82,857125,000000207,857
Liz TennicanIndependent · Compensation · Investment (Chair)73,571125,000000198,571
Barbara JesueleIndependent · Nominating and Governance (Chair) · Investment73,571125,000000198,571
Marran H. OgilvieIndependent · Audit and Risk · Nominating and Governance72,143125,000000197,143
Toni SteeleIndependent · Audit and Risk · Compensation67,857125,000000192,857
John S. MoodyIndependent · Not standing for re-election · Departed during FY49,60200049,602
Michael FriedlandIndependent · Audit and Risk · Investment · Partial-year service000000
William H. LenehanEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$120,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 40,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$520,315
Equity awards (grant-date value)$810,000
All other compensation$0
Total cost of the board$1,330,315

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Four Corners Property Trust, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Four Corners Property Trust, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Agree Realty Corp.2025Joel Agree$921,808$6,923,608$0$3,053,253$10,957,876
2EPR Properties2025Gregory Silvers933,4007,266,1550010,901,683
3Essential Properties Realty Trust, Inc.2025Peter Mavoides800,0006,853,00001,950,0009,634,000
4Acadia Realty Trust2025Kenneth Bernstein850,0003,574,54402,486,8986,922,230
5LXP Industrial Trust2025T. Wilson Eglin840,0004,044,98201,442,4386,645,384
6Retail Opportunity Investments Corp.2023Stuart Tanz900,0004,096,63801,575,0006,626,718
7Broadstone Net Lease, Inc.2025John Moragne600,0003,918,50601,187,7706,065,001
8STAG Industrial, Inc.2025William Crooker800,0003,599,97001,427,9155,881,152
9Four Corners Property Trust, Inc.2025William Lenehan724,6053,705,794005,701,486
10NETSTREIT Corp.2025Mark Manheimer700,0003,194,41601,253,1755,165,527
11American Assets Trust, Inc.2025Adam Wyll750,0002,228,91601,428,7504,806,038
12Getty Realty Corp.2025Christopher Constant643,1251,875,808003,163,755
13Centerspace2025Anne Olson600,0001,391,37801,096,3193,105,197
14One Liberty Properties, Inc.2025Patrick Callan1,061,330776,200002,009,253
15Saul Centers, Inc.2025B. Francis Saul125,0001,010,22501,262,364

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Four Corners Property Trust, Inc.125%PSU 50 · RSU 50Yes — Absolute Total Stockholder Return (TSR)Semler Brossy
Acadia Realty Trust145%LTIP Units 100Yes — Relative TSR vs. Nareit Shopping Center IndexFerguson Partners Consulting (FPC)
Agree Realty Corp.329%PSU 70 · RSU 30NoMeridian
American Assets Trust, Inc.191%PSU 100Yes — Relative Total Shareholder Return (TSR) vs. S&P 600 Real Estate Indexnot disclosed
Broadstone Net Lease, Inc.198%PSU 60 · RSU 40Yes — Relative Total Shareholder Return vs rTSR Peer GroupFerguson Partners Consulting, L.P.
Centerspace182.7%RSU 50 · PSU 50Yes — TSR relative to FTSE Nareit Equity IndexFerguson Partners Consulting L.P.
EPR Properties276.2%PSU 70 · RSU 30Yes — TSR vs. TSR of Triple-Net Peer GroupFerguson Partners Consulting L.P.
Essential Properties Realty Trust, Inc.163%LTIP Units 100Yes — Relative TSRFerguson Partners Consulting L.P.
Getty Realty Corp.not disclosedRSU 100not disclosednot disclosed
LXP Industrial Trustnot disclosedPSU 60 · RSU 40Yes — Relative TSR compared to MSCI US REIT IndexFerguson Partners Consulting, L.P.
NETSTREIT Corp.179.0%PSU 60 · RSU 40Yes — Absolute TSRFPC and Farient
One Liberty Properties, Inc.not disclosedRSU 100Yes — Total Stockholder Return (TSR)Ferguson Partners Consulting L.P.
Retail Opportunity Investments Corp.not disclosednot disclosednot disclosedFTI Consulting Inc.
Saul Centers, Inc.20%RSU 50 · PSU 50Nonot disclosed
STAG Industrial, Inc.178%PSU 65 · LTIP Units 35Yes — Relative TSR vs Industry Peer GroupFerguson Partners Consulting

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Four Corners Property Trust, Inc. in fiscal 2025?
William Lenehan, President and Chief Executive Officer, was the highest-paid executive at Four Corners Property Trust, Inc. in fiscal 2025 with total compensation of $5,701,486.
How does Four Corners Property Trust, Inc.'s chief executive pay compare to its disclosed peer group?
The chief executive's pay fell in the 43rd percentile of the disclosed peer group.
What is Four Corners Property Trust, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 265:1.
How did shareholders vote on Four Corners Property Trust, Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 97.03% support in the latest vote.
How much does Four Corners Property Trust, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $1,330,315.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, William LenehanDEF 14A2026-04-160001140361-26-015137Section “Summary Compensation Table” · page 36. As printed: 5,701,486. Filing ↗machine: r2 · c18 · span 641840–641849
2Section 01, James BratDEF 14A2026-04-160001140361-26-015137Section “Summary Compensation Table” · page 36. As printed: 1,894,305. Filing ↗machine: r7 · c18 · span 660177–660186
3Section 01, Patrick WernigDEF 14A2026-04-160001140361-26-015137Section “Summary Compensation Table” · page 36. As printed: 1,616,843. Filing ↗machine: r5 · c18 · span 652568–652577
4Section 03, William Lenehan RSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r6 · c15 · span 700408–700414
5Section 03, William Lenehan RSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r5 · c15 · span 697087–697092
6Section 03, Patrick Wernig RSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r7 · c9 · span 702981–702987
7Section 03, Patrick Wernig RSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r9 · c15 · span 711234–711239
8Section 03, Patrick Wernig PSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r7 · c12 · span 703574–703580
9Section 03, William Lenehan RSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r3 · c9 · span 689008–689014
10Section 03, James Brat RSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r10 · c9 · span 713584–713590
11Section 03, James Brat PSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r10 · c18 · span 715113–715120
12Section 03, William Lenehan PSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r3 · c18 · span 690702–690711
13Section 03, James Brat RSUDEF 14A2026-04-160001140361-26-015137Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t130 · r12 · c15 · span 721487–721492
14Section 07, pay ratioDEF 14A2026-04-160001140361-26-015137Section “CEO Pay Ratio”. As printed: 265 : 1. Filing ↗machine: span 843676–843684
15Section 08, Douglas B. HansenDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 285,714. Filing ↗machine: t78 · r2 · c9 · span 421935–421942
16Section 08, Charles L. JemleyDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 207,857. Filing ↗machine: t78 · r3 · c9 · span 423706–423713
17Section 08, Liz TennicanDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 198,571. Filing ↗machine: t78 · r8 · c9 · span 433351–433358
18Section 08, Barbara JesueleDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 198,571. Filing ↗machine: t78 · r4 · c9 · span 425745–425752
19Section 08, Marran H. OgilvieDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 197,143. Filing ↗machine: t78 · r6 · c9 · span 429646–429653
20Section 08, Toni SteeleDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 192,857. Filing ↗machine: t78 · r7 · c9 · span 431411–431418
21Section 08, John S. MoodyDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 49,602. Filing ↗machine: t78 · r5 · c3 · span 426573–426579
22Section 08, Michael FriedlandDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, William H. LenehanDEF 14A2026-04-160001140361-26-015137Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, William H. Lenehan 2026-05-05Form 42026-05-060001193125-26-209121Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Marran H. Ogilvie 2026-06-04Form 42026-06-080001193125-26-262721Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Barbara Jesuele 2026-06-04Form 42026-06-080001193125-26-262706Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Liz Tennican 2026-06-04Form 42026-06-080001193125-26-262710Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Toni Steele 2026-06-04Form 42026-06-080001193125-26-262712Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Douglas B. Hansen 2026-06-04Form 42026-06-080001193125-26-262700Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Michael Friedland 2026-06-04Form 42026-06-080001193125-26-262704Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Charles L. Jemley 2026-06-04Form 42026-06-080001193125-26-262715Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Michael Friedland 2026-06-30Form 42026-07-160001193125-26-306341Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Michael Friedland 2026-06-30Form 42026-07-160001193125-26-306341Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, James Brat 2026-07-15Form 42026-07-160001193125-26-306331Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Patrick Wernig 2026-07-15Form 42026-07-160001193125-26-306339Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Liz Tennican 2026-07-15Form 42026-07-160001193125-26-306340Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Barbara Jesuele 2026-07-15Form 42026-07-160001193125-26-306337Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Charles L. Jemley 2026-07-15Form 42026-07-160001193125-26-306335Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Douglas B. Hansen 2026-07-15Form 42026-07-160001193125-26-306336Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, William H. Lenehan 2026-07-15Form 42026-07-160001193125-26-306334Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Marran H. Ogilvie 2026-07-15Form 42026-07-160001193125-26-306338Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Patrick Wernig 2026-07-15Form 42026-07-160001193125-26-306339Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, William H. Lenehan 2026-07-15Form 42026-07-160001193125-26-306334Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Niccole Stewart 2026-07-15Form 42026-07-160001193125-26-306333Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, James Brat 2026-07-15Form 42026-07-160001193125-26-306331Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Toni Steele 2026-07-15Form 42026-07-160001193125-26-306332Insider equity transaction reported since the proxy statement. Filing ↗
47Section 06, 2026 voteForm 8-K2026-06-080001193125-26-261839Item 5.07 · say-on-pay result. As reported: 97.03% (votes for as printed: 95,046,509). Filing ↗
48Section 06, 2025 voteForm 8-K2025-06-090000950170-25-083787Item 5.07 · say-on-pay result. As reported: 98.54% (votes for as printed: 87,365,639). Filing ↗
49Section 06, 2024 voteForm 8-K2024-06-100001650132-24-000085Item 5.07 · say-on-pay result. As reported: 97.84% (votes for as printed: 81,276,854). Filing ↗
50Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
51Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
52Section 09b board cost (computed)ComputedcomputedCash 520,315 + equity 810,000 + all other 0 = 1,330,315, summed across the director compensation table rows.machine: formula: Σ = 1,330,315
53Agree Realty Corp., Section 10b CEO totalDEF 14A2026-04-020000917251-26-000031CEO total compensation as printed in Agree Realty Corp.'s own proxy. As printed: 10,957,876. Filing ↗machine: t90 · r2 · c21 · span 720296–720306
54EPR Properties, Section 10b CEO totalDEF 14A2026-03-260001045450-26-000016CEO total compensation as printed in EPR Properties's own proxy. As printed: 10,901,683. Filing ↗machine: r3 · c45 · span 794198–794208
55Essential Properties Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134683CEO total compensation as printed in Essential Properties Realty Trust, Inc.'s own proxy. As printed: 9,634,000. Filing ↗
56Acadia Realty Trust, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134606CEO total compensation as printed in Acadia Realty Trust's own proxy. As printed: 6,922,230. Filing ↗machine: span 777495–777504
57LXP Industrial Trust, Section 10b CEO totalDEF 14A2026-04-030000910108-26-000015CEO total compensation as printed in LXP Industrial Trust's own proxy. As printed: 6,645,384. Filing ↗machine: t65 · r2 · c15 · span 653567–653576
58Retail Opportunity Investments Corp., Section 10b CEO totalDEF 14A2024-03-220001407623-24-000062CEO total compensation as printed in Retail Opportunity Investments Corp.'s own proxy. As printed: 6,626,718. Filing ↗machine: r2 · c42 · span 607173–607182
59Broadstone Net Lease, Inc., Section 10b CEO totalDEF 14A2026-03-200001424182-26-000025CEO total compensation as printed in Broadstone Net Lease, Inc.'s own proxy. As printed: 6,065,001. Filing ↗machine: span 1494368–1494377
60STAG Industrial, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-031046CEO total compensation as printed in STAG Industrial, Inc.'s own proxy. As printed: 5,881,152. Filing ↗machine: span 1074440–1074449
61Four Corners Property Trust, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-160001140361-26-015137CEO total compensation as printed in Four Corners Property Trust, Inc.'s own proxy. As printed: 5,701,486. Filing ↗machine: r2 · c18 · span 641840–641849
62NETSTREIT Corp., Section 10b CEO totalDEF 14A2026-04-010001628280-26-022557CEO total compensation as printed in NETSTREIT Corp.'s own proxy. As printed: 5,165,527. Filing ↗machine: r2 · c13 · span 1458631–1458640
63American Assets Trust, Inc., Section 10b CEO totalDEF 14A2026-04-100001500217-26-000023CEO total compensation as printed in American Assets Trust, Inc.'s own proxy. As printed: 4,806,038. Filing ↗machine: r5 · c54 · span 545070–545079
64Getty Realty Corp., Section 10b CEO totalDEF 14A2026-03-120001140361-26-009218CEO total compensation as printed in Getty Realty Corp.'s own proxy. As printed: 3,163,755. Filing ↗machine: r2 · c28 · span 750236–750245
65Centerspace, Section 10b CEO totalDEF 14A2026-04-030000798359-26-000029CEO total compensation as printed in Centerspace's own proxy. As printed: 3,105,197. Filing ↗machine: t47 · r7 · c7 · span 589259–589268
66One Liberty Properties, Inc., Section 10b CEO totalDEF 14A2026-04-200001140361-26-015499CEO total compensation as printed in One Liberty Properties, Inc.'s own proxy. As printed: 2,009,253. Filing ↗machine: r2 · c18 · span 461230–461239
67Saul Centers, Inc., Section 10b CEO totalDEF 14A2026-03-230000907254-26-000025CEO total compensation as printed in Saul Centers, Inc.'s own proxy. As printed: 1,262,364. Filing ↗machine: span 314877–314886
68Section 10a, EPR Properties reciprocityDEF 14A0001045450-26-000016EPR Properties names Four Corners Property Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
69Section 10a, American Assets Trust, Inc. reciprocityDEF 14A0001500217-26-000023American Assets Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include Four Corners Property Trust, Inc.. Filing ↗
70Section 10a, Essential Properties Realty Trust, Inc. reciprocityDEF 14A0001193125-26-134683Essential Properties Realty Trust, Inc. names Four Corners Property Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
71Section 10a, Broadstone Net Lease, Inc. reciprocityDEF 14A0001424182-26-000025Broadstone Net Lease, Inc. names Four Corners Property Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, One Liberty Properties, Inc. reciprocityDEF 14A0001140361-26-015499One Liberty Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Four Corners Property Trust, Inc.. Filing ↗
73Section 10a, STAG Industrial, Inc. reciprocityDEF 14A0001104659-26-031046STAG Industrial, Inc.'s most recent proxy was read; its disclosed peer group does not include Four Corners Property Trust, Inc.. Filing ↗
74Section 10a, Agree Realty Corp. reciprocityDEF 14A0000917251-26-000031Agree Realty Corp.'s most recent proxy was read; its disclosed peer group does not include Four Corners Property Trust, Inc.. Filing ↗
75Section 10a, Getty Realty Corp. reciprocityDEF 14A0001140361-26-009218Getty Realty Corp. names Four Corners Property Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
76Section 10a, NETSTREIT Corp. reciprocityDEF 14A0001628280-26-022557NETSTREIT Corp. names Four Corners Property Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Retail Opportunity Investments Corp. reciprocityDEF 14A0001407623-24-000062Retail Opportunity Investments Corp. names Four Corners Property Trust, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, LXP Industrial Trust reciprocityDEF 14A0000910108-26-000015LXP Industrial Trust's most recent proxy was read; its disclosed peer group does not include Four Corners Property Trust, Inc.. Filing ↗
79Section 10a, Acadia Realty Trust reciprocityDEF 14A0001193125-26-134606Acadia Realty Trust's most recent proxy was read; its disclosed peer group does not include Four Corners Property Trust, Inc.. Filing ↗