NLCP (NLCP) CFO logs RSU-related share withholding and dividend rights moves
Rhea-AI Filing Summary
NewLake Capital Partners, Inc. CFO, Treasurer and Secretary Lisa Meyer reported routine equity-related transactions. On February 17, 2026, she acquired 159 Dividend Equivalent Rights tied to previously granted RSUs and simultaneously had 565 shares of common stock withheld to cover tax liabilities upon RSU vesting. The Dividend Equivalent Rights, based on a $16.25 closing share price, were then disposed of to the issuer on February 18, 2026 when settled in cash under the 2021 Equity Incentive Plan. Following these transactions, Meyer directly held 14,801 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Meyer Lisa
Role
CFO, Treasurer and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Dividend Equivalent Rights | 159 | $16.25 | $3K |
| Grant/Award | Dividend Equivalent Rights | 159 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 565 | $16.25 | $9K |
Holdings After Transaction:
Dividend Equivalent Rights — 0 shares (Direct);
Common Stock, par value $0.01 per share — 14,801 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 February 17, 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 $16.25, which was the closing price of the Issuer's common stock on February 17, 2026.
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FAQ
What insider transactions did NLCP CFO Lisa Meyer report on this Form 4?
Lisa Meyer reported acquiring 159 Dividend Equivalent Rights and disposing of them to the issuer, plus 565 NLCP common shares withheld for taxes. These actions stem from the vesting of previously granted RSUs under the company’s 2021 Equity Incentive Plan.
What are Dividend Equivalent Rights in the context of NLCP’s 2021 Equity Incentive Plan?
Dividend Equivalent Rights accrue on RSUs when dividends are paid on NLCP common stock. At vesting, these rights are settled in cash, with the underlying share amount calculated by dividing the accrued dollar value by the stock’s closing price on the vesting date.
Were Lisa Meyer’s Dividend Equivalent Rights at NLCP settled in stock or cash?
Lisa Meyer’s Dividend Equivalent Rights were settled in cash when the underlying RSUs vested on February 17, 2026. The number of underlying shares was only used as a conversion measure, based on NLCP’s $16.25 closing stock price, to determine the cash settlement amount.