Form 4: NewLake Capital Partners Director Acquires Shares Through Restricted Stock Units

Director Gordon F. Dugan acquired 4,675 shares of NewLake Capital Partners, Inc. through restricted stock units.

Summary

• On June 12, 2024, Gordon F. Dugan, a director of NewLake Capital Partners, Inc., acquired 4,675 shares of common stock.
• The acquisition was made through restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan for service on the board of directors.
• The price per share was $19.25.
• The RSUs will vest 100% on the earlier of June 12, 2025, or the date of the Issuer's 2025 annual meeting of stockholders, subject to continued service.
• Following the transaction, Dugan directly owns 55,282 shares of NewLake Capital Partners, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a director's stock acquisition, which is neither particularly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The RSUs will vest on the earlier of June 12, 2025, or the date of the Issuer's 2025 annual meeting of stockholders, subject to continued service.

Industry Context

This filing is a routine disclosure of a director's stock acquisition, common in publicly traded companies. It reflects standard compensation practices using equity-based awards.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates