Form 4: NewLake Capital Partners Director Dina Rollman Acquires 4,167 Shares Through RSU Grant

NewLake Capital Partners, Inc. Director Dina Rollman reported the acquisition of 4,167 shares of common stock through a restricted stock unit grant and the cash settlement of dividend equivalent rights.

Summary

• Dina Rollman, a Director of NewLake Capital Partners, Inc. (NLCP), acquired 4,167 shares of common stock on June 11, 2025.
• These shares represent Restricted Stock Units (RSUs) granted under the Issuer's 2021 Equity Incentive Plan for her service on the board of directors.
• The number of RSUs granted was determined using the closing price of the Issuer's common stock on June 5, 2025, which was $14.4 per share.
• The RSUs are scheduled to vest 100% on the earlier of June 11, 2026, or the date of the Issuer's 2026 annual meeting of stockholders, subject to continued service.
• Following this transaction, Ms. Rollman beneficially owns 5,730 shares of common stock directly.
• Dividend Equivalent Rights (DERs) accrued on these RSUs were settled in cash on June 12, 2025, subsequent to the vesting of the underlying RSUs on June 5, 2025.
• The DERs, totaling 90.2 units, were valued based on the closing price of the Issuer's common stock on June 12, 2025, which was $14.90 per share, resulting in a cash settlement.

Sentiment

Score: 6

Explanation: Slightly positive. The acquisition of shares by a director, even as part of compensation, generally indicates alignment of interests and confidence in the company's future, though it's a routine event.

Positives

• The acquisition of 4,167 shares by a director through an RSU grant aligns the director's interests with those of shareholders, as the value of her compensation is tied to the company's stock performance.
• The grant is part of a structured equity incentive plan (2021 Equity Incentive Plan), indicating a formal compensation strategy for board members.

Future Outlook

The 4,167 Restricted Stock Units granted to Director Dina Rollman are scheduled to vest 100% on the earlier of June 11, 2026, or the date of NewLake Capital Partners, Inc.'s 2026 annual meeting of stockholders, contingent upon her continued service.

Industry Context

This Form 4 filing details a routine compensation event for a director, which is a standard practice across publicly traded companies to align management and board interests with shareholder value. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• The grant of Restricted Stock Units (RSUs) to Director Dina Rollman by NewLake Capital Partners, Inc. constitutes a related party transaction, as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value, as the value of her compensation is tied to the company's stock performance. However, it also represents a potential future dilution upon vesting, though this is typically accounted for in equity compensation plans.
• Employees: No direct impact mentioned, but equity incentive plans can set a precedent for broader employee compensation strategies.

Next Steps

• The 4,167 Restricted Stock Units (RSUs) are expected to vest on the earlier of June 11, 2026, or the date of the Issuer's 2026 annual meeting of stockholders, subject to continued service.

Key Dates

Keywords

NewLake Capital Partners, NLCP, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Incentive Plan, Dividend Equivalent Rights