NLCP CEO Coniglio reports tax withholding and dividend right transactions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NewLake Capital Partners, Inc. director and President & CEO Anthony Coniglio reported routine equity-related transactions. On March 2, 2026, 1,710 shares of common stock were disposed of at $15.46 per share to cover tax withholding tied to previously granted RSUs, leaving him with 603,075 directly owned shares.
Also on March 2, he acquired 893 dividend equivalent rights relating to those RSUs, which accrued as the company paid dividends. On March 3, 2026, these 893 dividend equivalent rights were disposed of to the issuer and settled in cash based on the $15.46 closing share price. These transactions reflect compensation and tax mechanics rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Coniglio Anthony
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Dividend Equivalent Rights | 893 | $15.46 | $14K |
| Grant/Award | Dividend Equivalent Rights | 893 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 1,710 | $15.46 | $26K |
Holdings After Transaction:
Dividend Equivalent Rights — 0 shares (Direct);
Common Stock, par value $0.01 per share — 603,075 shares (Direct)
Footnotes (1)
- Shares reported were withheld from the Reporting Person for the payment of taxes associated with the vesting of previously granted RSUs. 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 in accordance with the 2021 Equity Incentive Plan when the underlying RSUs vested on March 2, 2026. The number of shares of common stock underlying the dividend equivalent rights was determined by dividing the dollar amount of the accrued dividend equivalent rights by $15.46, which was the closing price of the Issuer's common stock on March 2, 2026.
FAQ
What insider transactions did NLCP CEO Anthony Coniglio report on this Form 4?
Anthony Coniglio reported routine equity compensation events, including 1,710 common shares disposed at $15.46 per share for tax withholding and 893 dividend equivalent rights granted, then disposed to the issuer and settled in cash when related RSUs vested on March 2–3, 2026.
What are the 893 dividend equivalent rights reported in the NLCP Form 4?
The 893 dividend equivalent rights accrued on previously granted RSUs as NLCP paid dividends. Upon RSU vesting on March 2, 2026, these rights were settled in cash, with the underlying share count determined using the $15.46 closing price of NLCP common stock that day.
How was the tax withholding handled for the NLCP CEO’s RSU vesting?
Taxes were paid by withholding 1,710 shares of NLCP common stock from the CEO. These shares were disposed of at $15.46 per share to satisfy tax liabilities associated with the vesting of previously granted restricted stock units on March 2, 2026.