Coniglio Anthony 4

What Happened

• Anthony Coniglio, President, CEO and Director of NewLake Capital Partners (NLCP), had performance stock units (PSUs) vest on Jan 22, 2026 that converted into common stock. The filing shows 23,924 shares issued upon vesting (award/ acquisition).
• To satisfy tax liabilities tied to the vesting, 10,771 shares were surrendered/withheld on Jan 23, 2026 (code F) at $15.00 per share for a value of $161,565. Separately, dividend-equivalent rights associated with the PSUs were settled (reported as a derivative-related disposition of 7,958.7 share-equivalents) resulting in $119,381 (7,958.7 × $15.00).

Key Details

• Transaction dates: PSUs vested Jan 22, 2026; tax withholding disposition executed Jan 23, 2026.
• Prices and values shown: tax withholding 10,771 shares @ $15.00 = $161,565; dividend-equivalent disposition 7,958.7 share-equivalents @ $15.00 = $119,381. Combined value of surrendered/settled shares = $280,946.
• Footnotes: Compensation Committee certified PSU performance for the 1/1/2023–12/31/2025 period; PSUs convert 1:1 into common stock (2021 Equity Incentive Plan). Dividend equivalents accrued and were settled in cash per the plan; the number of share-equivalents was computed using the $15.00 closing price on Jan 22, 2026. Shares were withheld to pay taxes.
• Shares owned following the reported transactions are not specified in the provided excerpt of the filing.
• Filing timing: Report filed Jan 23, 2026 for transactions on Jan 22–23, 2026 (appears timely).

Context

• This was not an open-market sale for investment liquidity but routine vesting of previously granted PSUs with shares surrendered/settled to cover tax obligations and dividend-equivalent settlement. Such tax withholding dispositions (code F) are common after awards vest and do not necessarily signal the insider’s view on the company’s stock.