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NewLake Capital (NLCP) grants 4,035 RSUs to board director Weinstein

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Weinstein David L.
Role null
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 482 $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 — 482 shares (Direct, null); Common Stock, par value $0.01 per share — 31,716 shares (Direct, null)
Footnotes (1)
  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.
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
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Weinstein David L.
(Last)(First)(Middle)
C/O NEWLAKE CAPITAL PARTNERS, INC.
50 LOCUST AVENUE, FIRST FLOOR
(Street)
NEW CANAAN CONNECTICUT 06840
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NewLake Capital Partners, Inc. [ NLCP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.01 per share06/04/2026A4,035(1)A$14.8731,716D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(2)06/04/2026A482 (2) (2)Common Stock482$0482D
Dividend Equivalent Rights(2)06/04/2026D482 (2) (2)Common Stock482$14.870D
Explanation of Responses:
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.
2. 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.
Remarks:
/s/ Lisa Meyer, attorney in fact06/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many NewLake Capital shares does David L. Weinstein hold after these transactions?

After the reported transactions, Weinstein directly holds 31,716 shares of NewLake Capital common stock. This total reflects his position following the new RSU-related grant reported in the Form 4 insider filing for June 4, 2026.

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.