Form 4: NewLake Capital Partners Director Peter A. Kadens Reports Acquisition of Shares

Director Peter A. Kadens reports acquiring 3,117 shares of NewLake Capital Partners, Inc. common stock at $19.25 per share on June 12, 2024.

Summary

• On June 12, 2024, Peter A. Kadens, a director of NewLake Capital Partners, Inc., acquired 3,117 shares of common stock at a price of $19.25 per share.
• Following this transaction, Mr. Kadens directly owns 108,627 shares.
• Additionally, 38,462 shares are held indirectly through AK Investment One LLC, beneficially owned by Amy Kadens, Mr. Kadens' spouse.
• The shares acquired are subject to 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 can be seen as a vote of confidence, but it's a routine transaction disclosure.

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 vesting of the RSUs is contingent upon continued service on the board, suggesting an ongoing commitment from the director.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their trading activities. This particular filing indicates a director's recent acquisition of company stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.
• The director's acquisition of shares may be viewed positively by shareholders.

Key Dates