Form 4: NewLake Capital Partners CEO Sells Shares to Cover Tax Obligations

NewLake Capital Partners CEO, Anthony Coniglio, sold 1,309 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Anthony Coniglio, the President and CEO of NewLake Capital Partners, sold 1,309 shares of common stock on December 31, 2024.
• The sale was executed at a price of $17.5 per share.
• This transaction was to cover tax obligations associated with the vesting of previously granted restricted stock units.
• Following the transaction, Mr. Coniglio beneficially owns 578,160 shares of NewLake Capital Partners common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common across publicly traded companies where executives receive stock-based compensation.
• Executives often sell a portion of their vested shares to cover tax obligations, which is a standard practice.
• The number of shares sold is relatively small compared to the total shares owned by the CEO, which is typical in these situations.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

NewLake Capital Partners, Anthony Coniglio, stock sale, Form 4, insider trading, restricted stock units, tax obligations