On March 7, 2024, Four Corners Property Trust, Inc. (Company) announced planned senior leadership changes. Gerald R. Morgan, the Chief Financial Officer of the Company, will retire from employment with the Company as the Chief Financial Officer effective as of May 3, 2024 (Effective Date). In connection with Mr. Morgan?s retirement, subject to his appointment by the company?s Board of Directors, Patrick L. Wernig, the Company?s current Managing Director of Acquisitions, will be appointed as the Company?s Chief Financial Officer on or about the Effective Date.

Mr. Wernig currently serves as the Company?s Managing Director of Acquisitions. Mr. Wernig has served in such role since 2022 and has been with the Company since 2016. Mr. Wernig previously served as an Associate, Investment Banking, at JPMorgan Chase & Co.

("J.P. Morgan") from 2013 to 2016 where he worked on Darden Restaurants? real estate monetization effort, including the eventual creation and spin off of the Company. Additionally, Mr. Wernig covered numerous net lease clients, assisting with advisory projects and capital raising across asset classes.

Prior to joining J.P. Morgan, Mr. Wernig served as an equity research analyst at Barclays Capital from 2009 to 2011. Mr. Morgan will retire effective May 3, 2024, and assume an interim advisory role within the Company to facilitate the transition.