JOHNSON JOYCE 4
4 · NewLake Capital Partners, Inc. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
NewLake (NLCP) Director Joyce Johnson Receives RSU Award
What Happened
Joyce Johnson, 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 an aggregate value of approximately $60,000. Separately, 482 dividend-equivalent units tied to these RSUs were recorded and then settled for cash to the issuer at $14.87 per share, yielding $7,167.
Key Details
- Transaction date: June 4, 2026. Grant price for valuation: $14.87. RSU grant value: ~$60,000 (4,035 RSUs × $14.87). Dividend-equivalent settlement: 482 units → $7,167.
- Type of transactions reported: A = Award/Grant (4,035 RSUs and 482 derivative units); D = Disposition to issuer (482 derivative units settled for cash).
- Vesting: The 4,035 RSUs vest 100% on the earlier of June 4, 2027 or the Issuer’s 2027 annual meeting, subject to continued service (Footnote F1).
- Dividend equivalents: Dividend-equivalent rights accrued on the RSUs were settled in cash on June 4, 2026; the 482-unit figure was derived by dividing the accrued cash amount by the $14.87 closing price (Footnote F2).
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Report filed June 8, 2026 for a June 4 transaction — appears timely (Form 4 due within two business days).
Context
This was an equity compensation grant and a routine cash settlement of accrued dividend equivalents, not an open-market purchase or sale by the director. RSU awards are standard board compensation and do not necessarily signal a change in insider sentiment. The derivative line reflects the cash settlement of dividend equivalents rather than an options exercise or market sale.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1]2026-06-04$14.87/sh+4,035$60,000→ 21,065 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.