Form 4: NewLake Capital Partners Director Alan Jeffrey Carr Reports Acquisition of Shares

Director Alan Jeffrey Carr reported acquiring 3,117 shares of NewLake Capital Partners common stock at $19.25 per share on June 12, 2024, while also disclosing indirect ownership through a spouse.

Summary

• On June 12, 2024, Alan Jeffrey Carr, a director of NewLake Capital Partners, Inc. (NLCP), acquired 3,117 shares of common stock at a price of $19.25 per share.
• Following this transaction, Carr directly owns 15,538 shares.
• Carr also indirectly owns 23,641 shares through a spouse.
• The 3,117 shares were acquired in the form of restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan for service on the board.
• These RSUs will vest 100% on the earlier of June 12, 2025, or the date of the Issuer's 2025 annual meeting of stockholders, contingent upon continued service.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

• A director's acquisition of shares can be seen as a positive signal, 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

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence.

Key Dates