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Insider Buy Cluster Buy CEO Buy New Position May 14, 2020

Lenehan William H purchased ~$370K in Four Corners Property Trust, Inc. stock

Four Corners Property Trust, Inc. (FCPT)  ·  President and CEO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+40.9%

vs SPY +18.9%

FCPT price after insider trade by Lenehan William H

Insider

Lenehan William H

Role

President and CEO

Transaction

Open-Market Purchase

Approx. Value

~$370K

Trade Date

May 14, 2020

Company

Four Corners Property Trust, Inc.

Ticker

FCPT

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$370K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

President and CEO

CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.

5 insiders traded in the same window

When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.

+40.9% in 90 days (S&P 500: +18.9%)

This trade beat the S&P 500 by 21.9 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

LW

How good is Lenehan William H at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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5

Lenehan William H wasn't the only one buying.

5 insiders at Four Corners Property Trust, Inc. traded within the same 30-day window.

See who else bought · Free

On May 14, 2020, Lenehan William H — President and CEO of Four Corners Property Trust, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$370K in Four Corners Property Trust, Inc. (FCPT) stock.

This transaction was part of a cluster — 5 insiders at Four Corners Property Trust, Inc. made open-market purchases within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, FCPT returned +40.9% versus +18.9% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$370K
Insider role President and CEO
Cluster 5 insiders
90-day return +40.9%
vs S&P 500 +21.9%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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