Form 4: NewLake Capital Director Peter Kadens Reports Shareholdings and Board Retirement

Peter A. Kadens, a former Director of NewLake Capital Partners, Inc., filed a Form 4 detailing his beneficial ownership of common stock and the cash settlement of dividend equivalent rights following his retirement from the board.

Summary

• Peter A. Kadens, a former Director of NewLake Capital Partners, Inc. (NLCP), filed a Form 4 reporting changes in his beneficial ownership.
• Mr. Kadens retired from the Board of Directors on June 5, 2025, at the expiration of his term.
• He directly beneficially owns 111,408 shares of NewLake Capital Partners, Inc. common stock.
• He indirectly beneficially owns an additional 38,462 shares of common stock through AK Investment One LLC, which is beneficially owned by his spouse, Amy Kadens.
• On June 12, 2025, 359.8 Dividend Equivalent Rights (DERs) related to previously vested Restricted Stock Units (RSUs) were settled in cash.
• The DERs were settled based on a closing price of $14.90 per share for NLCP common stock on June 12, 2025.
• The underlying RSUs, to which these DERs accrued, vested on June 5, 2025.

Sentiment

Score: 5

Explanation: The document is a routine compliance filing (Form 4) reporting changes in beneficial ownership and a director's retirement, which are neutral events in terms of company performance or outlook.

Positives

• The reporting person, Peter A. Kadens, held a substantial beneficial ownership in NewLake Capital Partners, Inc., totaling 149,870 shares (111,408 direct and 38,462 indirect), indicating alignment with shareholder interests.

Negatives

• The retirement of Peter A. Kadens from the Board of Directors on June 5, 2025, represents a change in the company's governance structure.

Future Outlook

NA

Management Comments

• "The Reporting Person retired from the Board of Directors on June 5, 2025 at the expiration of his term."

Industry Context

This Form 4 filing is a routine compliance document detailing an insider's beneficial ownership changes and board retirement, and does not provide information relevant to broader industry trends or competitive analysis.

Management Changes

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of 38,462 shares of common stock held by AK Investment One LLC, which is beneficially owned by Amy Kadens, spouse of the Reporting Person.

Stakeholder Impact

• Shareholders: Provides transparency regarding a director's shareholdings and the change in board composition due to retirement.

Key Dates

Keywords

NewLake Capital Partners, NLCP, Peter Kadens, SEC Form 4, Beneficial Ownership, Director Retirement, Dividend Equivalent Rights, Common Stock, Insider Transaction