Carr Alan Jeffrey 4

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.