Carr Alan Jeffrey 4
4 · NewLake Capital Partners, Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
NewLake (NLCP) Director Alan Carr Receives RSU Award
What Happened
Alan Jeffrey Carr, a director of NewLake Capital Partners, Inc. (NLCP), was granted 4,035 restricted stock units (RSUs) on June 4, 2026. The grant was valued using the June 4 closing price of $14.87, giving a grant-date value of approximately $60,000. In a related derivative entry, 482 share-equivalents representing accrued dividend equivalent rights were settled to the issuer for cash, resulting in proceeds of $7,167 on the same date.
Key Details
- Transaction dates: June 4, 2026 (grant and dividend-equivalent settlement); Form 4 filed June 8, 2026.
- Grant: 4,035 RSUs @ $14.87 (grant-date valuation ≈ $60,000) — transaction code A (award/grant).
- Derivative settlement: 482 share-equivalents (recorded as acquired @ $0.00 and disposed to issuer @ $14.87) yielding $7,167 — reflects cash settlement of dividend equivalents.
- Vesting: Per the filing, the RSUs were granted under the 2021 Equity Incentive Plan and are subject to vesting; the grant’s footnote states RSUs will vest 100% on the earlier of June 4, 2027 or the 2027 annual meeting (see footnotes for dividend-equivalent treatment).
- Shares owned after the transaction: not specified in the provided report.
- Timeliness: The Form 4 was filed within the SEC’s required reporting window (filed June 8 for a June 4 transaction), so the filing appears timely.
Context: This is a standard director equity award (compensation), not an open-market purchase or sale. The cash payment recorded reflects settlement of dividend-equivalent rights associated with the RSUs, not a sale of previously owned shares. Such grants are routine director compensation and should be viewed as non-operational compensation rather than a direct buy/sell signal.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-06-04$14.87/sh+4,035$60,000→ 23,740 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)
- 23,641(indirect: By Spouse)
Common Stock, par value $0.01 per share
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.