Weinstein David L. 4
4 · NewLake Capital Partners, Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
NewLake (NLCP) Director David Weinstein Receives RSU Award
What Happened David L. Weinstein, a director of NewLake Capital Partners, received a grant of 4,035 restricted stock units (RSUs) on June 4, 2026. The RSUs were valued using the closing price of $14.87, giving an aggregate value of approximately $60,000. In addition, 482 dividend‑equivalent share units tied to these RSUs were settled in cash to Mr. Weinstein for $7,167 on the same date.
Key Details
- Transaction date: June 4, 2026; Form 4 filed June 8, 2026 (timely within SEC filing window).
- Award: 4,035 RSUs @ $14.87 = ~$60,000 (reported as Acquisition, code A).
- Derivative/cash settlement: 482 dividend‑equivalent share units were recorded as acquired (A, at $0) and then disposed to the issuer (D) at $14.87 for $7,167 — this reflects cash settlement of accrued dividend equivalents (per footnote).
- Vesting: RSUs vest 100% on the earlier of June 4, 2027 or the 2027 annual meeting, subject to continued service (per footnote F1).
- Shares owned after transaction: not stated in the provided filing excerpt.
- Transaction codes: A = award/grant; D = disposition to issuer (here, cash settlement of dividend equivalents).
Context
- This was an equity award to a director, not an open‑market purchase or sale. Awards compensate service and typically vest over time; they do not necessarily indicate immediate buying or selling activity.
- The 482 “shares” shown as derivative relate to dividend equivalent rights on the RSUs and were cash‑settled rather than sold on the market.
Insider Transaction Report
Form 4
Weinstein David L.
Director
Transactions
- Award
Common Stock, par value $0.01 per share
[F1]2026-06-04$14.87/sh+4,035$60,000→ 31,716 total - Award
Dividend Equivalent Rights
[F2]2026-06-04+482→ 482 total→ Common Stock (482 underlying) - Disposition to Issuer
Dividend Equivalent Rights
[F2]2026-06-04$14.87/sh−482$7,167→ 0 total→ Common Stock (482 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