NewLake Capital (NLCP) director granted 6,052 RSUs and updates dividend rights
Rhea-AI Filing Summary
NewLake Capital Partners director Gordon F. Dugan received an equity grant tied to board service. He was awarded 6,052 shares of common stock in the form of restricted stock units, using a reference price of $14.87 per share. These RSUs vest 100% on the earlier of June 4, 2027 or the company’s 2027 annual stockholder meeting, subject to continued board service.
The filing also shows activity in dividend equivalent rights linked to RSUs. Previously accrued dividend equivalent rights were settled in cash and the related rights were disposed back to the issuer, while 722.9 new dividend equivalent rights were granted for the same underlying share amount. After the new stock grant, Dugan directly holds 67,584 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
DUGAN GORDON F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 722.9 | $0.00 | -- |
| Disposition | Dividend Equivalent Rights | 722.9 | $14.87 | $11K |
| Grant/Award | Common Stock, par value $0.01 per share | 6,052 | $14.87 | $90K |
Holdings After Transaction:
Dividend Equivalent Rights — 722.9 shares (Direct);
Common Stock, par value $0.01 per share — 67,584 shares (Direct)
Footnotes (1)
- Represents common stock of NewLake Capital Partners, Inc. (the "Issuer") subject to restricted stock units ("RSUs") granted to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan for service on the Issuer's board of directors. Per the terms of the agreement, the number of RSUs granted was determined using the closing price of the Issuer's common stock on June 4, 2026. The RSUs will vest, subject to continued service, 100% on the earlier of (i) June 4, 2027 or (ii) the date of the Issuer's 2027 annual meeting of stockholders. Dividend equivalent rights accrued with respect to these RSUs when and as dividends were paid on the Issuer's common stock. The dividend equivalent rights were settled in cash on June 4, 2026, in accordance with the terms of the 2021 Equity Incentive Plan, subsequent to the vesting of the underlying RSUs on June 4, 2026. The number of shares of common stock underlying the dividend equivalent rights were determined by dividing the dollar amount of the accrued dividend equivalent rights by $14.87, which was the closing price of the Issuer's common stock on June 4, 2026.
Key Figures
RSU grant size: 6,052 shares
Reference share price: $14.87 per share
Shares after transaction: 67,584 shares
+2 more
5 metrics
RSU grant size
6,052 shares
Restricted stock units granted June 4, 2026 for board service
Reference share price
$14.87 per share
Closing price used to determine RSU count on June 4, 2026
Shares after transaction
67,584 shares
Total NewLake common shares held directly after the grant
Dividend equivalent rights granted
722.9 rights
New dividend equivalent rights tied to common stock RSUs
Dividend equivalent rights disposed
722.9 rights
Previously accrued rights settled in cash and returned to issuer
Key Terms
restricted stock units, Dividend Equivalent Rights, 2021 Equity Incentive Plan, disposition to issuer
4 terms
restricted stock units financial
"Represents common stock of NewLake Capital Partners, Inc. subject to restricted stock units ("RSUs") granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend Equivalent Rights financial
"Dividend Equivalent Rights accrued with respect to these RSUs when and as dividends were paid"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
2021 Equity Incentive Plan financial
"RSUs granted to the Reporting Person pursuant to the Issuer's 2021 Equity Incentive Plan"
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NewLake Capital Partners (NLCP) director Gordon Dugan receive in this Form 4?
Director Gordon F. Dugan received an award of 6,052 restricted stock units tied to NewLake Capital Partners common stock. The grant is part of compensation for board service under the company’s 2021 Equity Incentive Plan.
At what price were Gordon Dugan’s NewLake Capital Partners RSUs valued?
The number of RSUs was calculated using a closing share price of $14.87 for NewLake Capital Partners common stock on June 4, 2026. This reference price determined how many RSUs corresponded to the board compensation value.
When do Gordon Dugan’s NewLake Capital Partners RSUs vest?
The RSUs vest 100% on the earlier of June 4, 2027 or the 2027 annual meeting of stockholders. Vesting is conditioned on Gordon Dugan’s continued service on NewLake Capital Partners’ board of directors.
What are dividend equivalent rights in the NewLake Capital Partners Form 4?
Dividend equivalent rights are derivative awards that mirror dividends on underlying RSUs. Previously accrued rights were settled in cash and disposed to the issuer, and 722.9 new rights were granted, each tied to one share of NewLake Capital Partners common stock.
Were Gordon Dugan’s transactions in NewLake Capital Partners stock open-market buys or sells?
No open-market purchases or sales were reported in this Form 4. The transactions involved equity compensation: restricted stock units and related dividend equivalent rights granted or settled under NewLake Capital Partners’ 2021 Equity Incentive Plan.