Meyer Lisa 4

4 · NewLake Capital Partners, Inc. · Filed Feb 18, 2026

AI-generated summary of this filing

Updated Feb 18, 2026

NewLake (NLCP) CFO Lisa Meyer Receives PSUs; Shares Withheld

What Happened

Lisa Meyer, CFO (also Treasurer & Secretary) of NewLake Capital Partners (NLCP), had performance stock units (PSUs) vest on January 22, 2026. The vesting converted into 5,092 common shares plus 1,693.9 derivative-related shares.
Of those, 2,465 shares were withheld to satisfy tax withholding obligations (valued at $15.00/share, ~$36,975). Separately, 1,693.9 derivative shares were surrendered to the issuer for $15.00/share, generating $25,409 in cash. After these transactions, Meyer’s net increase in common shares from the vesting was 2,627 shares (5,092 acquired minus 2,465 withheld).

Key Details

Transaction date: January 22, 2026. Filing date: February 18, 2026 (filed late).
Prices/values: closing price used $15.00/share; tax-withheld shares 2,465 × $15 = $36,975; derivative disposition 1,693.9 × $15 = $25,409.
Shares owned after transaction: not provided in the filing.
Footnotes: (F1) Compensation Committee certified performance and approved PSU vesting for 2023–2025; (F2) PSUs convert 1-for-1 to common stock; (F3) shares withheld to pay taxes; (F4) dividend equivalent rights were settled in cash (amount converted using $15 closing price), reflected in the derivative entries.
Timeliness: The Form 4 was filed 27 days after the transaction (appears late relative to the two-business-day rule).

Context

This was a vesting/award event (not an open-market purchase). Withholding shares to cover taxes and cash settlement of dividend equivalents are routine administrative outcomes of PSU vesting and do not necessarily signal the insider’s view on the stock.
The filing includes derivative-related entries tied to dividend equivalent settlement; effectively those derivative shares were settled/surrendered rather than retained as common stock.

Form 4

Period: 2026-01-22

CFO, Treasurer and Secretary

Transactions

Award
Common Stock, par value $0.01 per share
[F1][F2]
2026-01-22+5,092→ 17,831 total
Tax Payment
Common Stock, par value $0.01 per share
[F3]
2026-01-22$15.00/sh−2,465$36,975→ 15,366 total
Award
Dividend Equivalent Rights
[F4]
2026-01-22+1,693.9→ 1,693.9 total
Exercise: $0.00→ Common Stock (1,693.9 underlying)
Disposition to Issuer
Dividend Equivalent Rights
[F4]
2026-01-22$15.00/sh−1,693.9$25,409→ 0 total
Exercise: $0.00→ Common Stock (1,693.9 underlying)

Footnotes (4)

[F1]On January 22, 2026, the Compensation Committee of the Board of Directors of NewLake Capital Partners, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance hurdles during the measurement period that began on January 1, 2023, and ended on December 31, 2025, and approved the vesting of the performance stock units ("PSUs").
[F2]In accordance with the award agreement and the Issuer's 2021 Equity Incentive Plan, the PSUs convert into common stock on a one-for-one basis.
[F3]Shares reported were withheld from the Reporting Person for the payment of taxes associated with the vesting of the PSUs.
[F4]Dividend equivalent rights accrued with respect to these PSUs when and as dividends were paid on the Issuer's common stock. The dividend equivalent rights were settled in cash in accordance with the 2021 Equity Incentive Plan when the underlying PSUs vested on January 22, 2026. The number of shares of common stock underlying the dividend equivalent rights was determined by dividing the dollar amount of the accrued dividend equivalent rights by $15.00, which was the closing price of the Issuer's common stock on January 22, 2026.

Signature

/s/ Lisa Meyer|2026-02-18

1 file