DUGAN GORDON F 4

4 · NewLake Capital Partners, Inc. · Filed Jun 8, 2026

AI-generated summary of this filing

Updated Jun 8, 2026

NewLake (NLCP) Director Gordon F. Dugan Receives RSU Award

What Happened

Gordon F. Dugan, a director of NewLake Capital Partners, Inc. (NLCP), received an award of 6,052 restricted stock units (RSUs) on June 4, 2026 valued at $14.87 per share, a total grant value of $89,993. In addition, 722.9 dividend‑equivalent units related to RSUs were recorded and cash‑settled that same day for $10,750 (722.9 × $14.87). The RSU award is reported as an acquisition (grant) and the dividend equivalent settlement is shown as a derivative disposition to the issuer.

Key Details

Transaction date(s): June 4, 2026. Price used for valuation: $14.87 (closing price).
Primary award: 6,052 RSUs acquired (total value $89,993).
Dividend equivalents: 722.9 units acquired at $0.00 (derivative) and immediately disposed to the issuer for $10,750 (cash settlement).
Shares owned after the transaction: not disclosed in the Form 4.
Footnotes: F1 — RSUs granted under the 2021 Equity Incentive Plan; F2 — dividend equivalent rights accrued and were cash‑settled per plan terms.
Filing timeliness: Report filed June 8, 2026 for a June 4 transaction (filed late under Form 4 timing rules).

Context

This was an equity compensation award (not an open‑market purchase or sale) — awards are routine for director compensation and do not necessarily signal a personal buy/sell decision. The derivative entries reflect dividend equivalents being converted to cash and paid to the director, not a market sale.

Form 4

Period: 2026-06-04

Director

Transactions

Award
Common Stock, par value $0.01 per share
[F1]
2026-06-04$14.87/sh+6,052$89,993→ 67,584 total
Award
Dividend Equivalent Rights
[F2]
2026-06-04+722.9→ 722.9 total
→ Common Stock (722.9 underlying)
Disposition to Issuer
Dividend Equivalent Rights
[F2]
2026-06-04$14.87/sh−722.9$10,750→ 0 total
→ Common Stock (722.9 underlying)

Footnotes (2)

[F1]Represents common stock of NewLake Capital Partners, Inc. (the "Issuer") subject to restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan for service on the Issuer's board of directors. Per the terms of the agreement, the number of RSUs granted was determined using the closing price of the Issuer's common stock on June 4, 2026. The RSUs will vest, subject to continued service, 100% on the earlier of (i) June 4, 2027 or (ii) the date of the Issuer's 2027 annual meeting of stockholders.
[F2]Dividend equivalent rights accrued with respect to these RSUs when and as dividends were paid on the Issuer's common stock. The dividend equivalent rights were settled in cash on June 4, 2026, in accordance with the terms of the 2021 Equity Incentive Plan, subsequent to the vesting of the underlying RSUs on June 4, 2026. The number of shares of common stock underlying the dividend equivalent rights were determined by dividing the dollar amount of the accrued dividend equivalent rights by $14.87, which was the closing price of the Issuer's common stock on June 4, 2026.

Signature

/s/ Lisa Meyer, attorney in fact|2026-06-08

1 file