Form 4: NewLake Capital CEO Boosts Stake After PSU Vesting

NewLake Capital Partners' President and CEO, Anthony Coniglio, increased his direct beneficial ownership of common stock following the vesting of performance stock units.

Summary

• Anthony Coniglio, President and CEO of NewLake Capital Partners, Inc. (NLCP), acquired 23,924 shares of common stock on January 22, 2026, due to the vesting of performance stock units (PSUs).
• The vesting occurred after the Compensation Committee certified the achievement of applicable performance hurdles for the measurement period from January 1, 2023, to December 31, 2025.
• Following the vesting, 10,771 shares were disposed of on January 23, 2026, at a price of $15.00 per share, to cover tax obligations associated with the PSU vesting.
• Dividend Equivalent Rights (DERs) totaling 7,958.7 units, which accrued with respect to the PSUs, were settled in cash on January 22, 2026, based on the common stock's closing price of $15.00.
• After these transactions, Coniglio's direct beneficial ownership of NewLake Capital Partners common stock stands at 606,439 shares.

Sentiment

Score: 7

Explanation: The sentiment is positive as the CEO met performance targets, leading to the vesting of equity awards and an increase in direct beneficial ownership, signaling strong alignment with shareholder interests. The tax-related disposition is a standard consequence of equity compensation and does not detract from the overall positive signal.

Positives

• The vesting of 23,924 performance stock units indicates that the President and CEO, Anthony Coniglio, successfully met the performance hurdles set by the Compensation Committee for the 2023-2025 measurement period.
• Anthony Coniglio's direct beneficial ownership of common stock increased to 606,439 shares, demonstrating increased alignment with shareholder interests.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details an insider transaction, specifically the vesting of performance-based equity compensation for the CEO. Such transactions are common in publicly traded companies and reflect the executive's compensation structure and alignment with company performance. It does not directly provide insights into broader industry trends or competitive landscape.

Corporate Governance

Stakeholder Impact

• Shareholders: The increase in the CEO's direct beneficial ownership aligns his interests more closely with those of shareholders, potentially signaling confidence in the company's future performance. The successful vesting of PSUs also indicates that management achieved performance targets, which is generally positive for shareholders.

Key Dates

Keywords

NewLake Capital Partners, NLCP, Anthony Coniglio, Form 4, Insider Transaction, Performance Stock Units, PSUs, Equity Compensation, CEO Stock Ownership, Dividend Equivalent Rights