NewLake Capital director awarded 4,035 RSUs
NewLake Capital Partners, Inc. director David L. Weinstein received an equity grant tied to 4,035 shares of common stock, valued using the $14.87 closing price on June 4, 2026.
Rhea-AI Filing Summary
NewLake Capital Partners, Inc. director David L. Weinstein received an equity grant tied to 4,035 shares of common stock, valued using the $14.87 closing price on June 4, 2026. These restricted stock units vest 100% on the earlier of June 4, 2027 or the company’s 2027 annual stockholder meeting, subject to continued board service. Following this award, Weinstein directly holds 31,716 shares of common stock. The filing also shows activity in 482 dividend equivalent rights, which were settled in cash and re-granted in connection with the RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Weinstein David L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 482 | $0.00 | $0.00 |
| Disposition | Dividend Equivalent Rights | 482 | $14.87 | $7K |
| Grant/Award | Common Stock, par value $0.01 per share | 4,035 | $14.87 | $60K |
Holdings After Transaction:
Dividend Equivalent Rights — 0 contracts (Direct);
Common Stock, par value $0.01 per share — 31,716 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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: 4,035 shares
Grant reference price: $14.87 per share
Post-transaction holdings: 31,716 shares
+2 more
5 metrics
RSU grant size
4,035 shares
Restricted stock units tied to common stock granted June 4, 2026
Grant reference price
$14.87 per share
Closing price of common stock on June 4, 2026 used to determine RSU number
Post-transaction holdings
31,716 shares
Total common stock directly held by Weinstein after transactions
Dividend equivalent rights disposed
482 rights
Dividend equivalent rights settled in cash on June 4, 2026
Dividend equivalent rights granted
482 rights
New dividend equivalent rights granted with underlying 482 common shares
Key Terms
restricted stock units ("RSUs"), Dividend equivalent rights, 2021 Equity Incentive Plan, vesting
4 terms
restricted stock units ("RSUs") financial
"Represents common stock of NewLake Capital Partners, Inc. subject to restricted stock units ("RSUs") granted to the Reporting Person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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 for service on the Issuer's board"
vesting financial
"The RSUs will vest, subject to continued service, 100% on the earlier of (i) June 4, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did NLCP director David L. Weinstein receive?
David L. Weinstein received restricted stock units tied to 4,035 shares of NewLake Capital common stock. The grant value was based on the $14.87 closing share price on June 4, 2026, reflecting routine board compensation in stock-based form.
How was the NewLake Capital (NLCP) RSU grant value determined?
The RSU grant value was determined using the $14.87 closing price of NewLake Capital’s common stock on June 4, 2026. That price was applied to 4,035 shares covered by the RSUs granted for Weinstein’s board service.
When do David L. Weinstein’s NLCP RSUs vest?
Weinstein’s RSUs vest 100% on the earlier of June 4, 2027 or NewLake Capital’s 2027 annual meeting of stockholders. Vesting is conditioned on his continued service on the company’s board of directors through that vesting date.
What happened to the dividend equivalent rights reported for NLCP?
The filing shows 482 dividend equivalent rights linked to RSUs. Previously accrued rights were settled in cash on June 4, 2026, using the $14.87 closing price, and a matching number of new dividend equivalent rights were granted in connection with the current RSU award.
What plan governs David L. Weinstein’s NewLake Capital RSU grant?
Weinstein’s RSU grant was made under NewLake Capital’s 2021 Equity Incentive Plan. The plan provides stock-based compensation for board service, including restricted stock units and related dividend equivalent rights tied to the company’s common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
