Form 4: NewLake Capital Partners Director Reports Stock and Dividend Equivalent Rights Transactions

Director David L. Weinstein reports acquisition and disposal of NewLake Capital Partners common stock and dividend equivalent rights related to vested performance stock units (PSUs).

Summary

• On January 17, 2025, David L. Weinstein, a director of NewLake Capital Partners, reported transactions involving the company's common stock and dividend equivalent rights.
• Weinstein acquired 15,518 shares of common stock through the vesting of performance restricted stock units (PSUs).
• Concurrently, Weinstein disposed of 15,518 shares of common stock, with the PSUs settled in cash at a price of $16.18 per share.
• Weinstein also acquired and disposed of 4,814.6 dividend equivalent rights, which were settled in cash based on the closing price of the Issuer's common stock on January 17, 2025.
• Following these transactions, Weinstein directly owns 53,767 shares of NewLake Capital Partners common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of performance-based compensation for a NewLake Capital Partners director.

Stakeholder Impact

• The transactions reported in this filing provide transparency to shareholders regarding the compensation and stock ownership of a company director.

Key Dates