Martay Peter Wiser 4
Research Summary
AI-generated summary
NewLake Capital (NLCP) Director Martay Wiser Receives RSU Award
What Happened
- Martay Peter Wiser, a director of NewLake Capital Partners, received a grant of 4,035 restricted stock units (RSUs) valued using the $14.87 closing price on June 4, 2026 (4,035 × $14.87 ≈ $60,000).
- Separately, 482 dividend-equivalent RSUs were settled in cash (treated as a disposition to the issuer) at $14.87 per share for $7,167. The 482 units are derivative/dividend-equivalent amounts rather than a cash purchase or sale of shares.
Key Details
- Transaction date: June 4, 2026. Price used: $14.87 per share.
- Grant: 4,035 RSUs (Report Code A) — value ≈ $60,000.
- Derivative cash settlement: 482 shares (acquired as derivative then disposed to issuer) — $7,167 cash (Report Codes A then D for the derivative).
- Vesting: The newly granted 4,035 RSUs vest 100% on the earlier of June 4, 2027 or the 2027 annual meeting (per filing footnote).
- Footnote on dividend equivalents: dividend-equivalent rights accrued on RSUs were converted to cash on June 4, 2026; the number (482) was calculated by dividing the accrued dollar amount by the $14.87 closing price.
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: Report filed June 8, 2026 for a June 4 transaction — appears to be later than the typical 2-business-day Form 4 deadline.
Context
- This filing reflects a compensation award (RSU grant) and a routine cash settlement of dividend equivalents, not an open-market buy or a sale for investment reasons. RSU grants are common director compensation and do not by themselves indicate a purchase decision. The cash settlement simply converts accrued dividend equivalents into cash based on the stock price.