Four Corners Property Trust (FCPT) executive compensation, 2026 proxy

William H. Lenehan, President and Chief Executive Officer, was paid $5.7M in 2025, up 23% from $4.6M the year before. The CEO-to-median-employee pay ratio was 265:1, on median employee pay of $21,511.

Filed
April 16, 2026
Annual meeting
June 4, 2026
Pay year
2025
Named executives
3
CEO total pay
$5.7M+23% vs prior year
CEO to median employee
265:1median $21,511
CEO pay in equity
65%$3.7M in awards
Prior say-on-pay support
99%of votes cast
CEO Target Bonus Percentage
125%Of base salary
Median Employee Pay
$21,511Part-time restaurant worker
CEO Base Salary Increase
5%To $724,605

How Lenehan was paid

$5.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary13%Bonus16%Stock awards65%All other compensation6%

Named executive officers

ExecutiveTotal
William H. LenehanPresident and Chief Executive Officer$5,701,486
Patrick L. WernigChief Financial Officer and Treasurer$1,616,843
James L. BratChief Operations Officer, Chief Legal Officer and Secretary$1,894,305

What changed and why

  • $5.7MCEO total compensation increased to $5,701,486 in 2025 from $4,616,714 in 2024.
  • 98.5%Stockholders approved the 2025 say-on-pay proposal with approximately 98.5% support.
  • 5%CEO annual base salary was increased by 5% to $724,605 for 2025.
  • 125%Discretionary annual bonuses for NEOs reflected 125% of target achievement.
  • $21,511.19Median employee annual total compensation was $21,511.19 resulting in a pay ratio of 265 to 1.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.