Anthony Coniglio - Jan 17, 2025 Form 4 Insider Report for NewLake Capital Partners, Inc. (NLCP)

Role
President and CEO, Director
Signature
/s/ Lisa Meyer, attorney in fact
Stock symbol
NLCP
Transactions as of
Jan 17, 2025
Transactions value $
-$222,663
Form type
4
Date filed
1/22/2025, 04:10 PM
Previous filing
Jan 2, 2025
Next filing
Feb 11, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLCP Common Stock, par value $0.01 per share Award +15.5K +2.68% 594K Jan 17, 2025 Direct F1, F2
transaction NLCP Common Stock, par value $0.01 per share Tax liability -$145K -8.95K -1.51% $16.18 585K Jan 17, 2025 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NLCP Dividend Equivalent Rights Award $0 +4.81K $0.00 4.81K Jan 17, 2025 Common Stock 4.81K $0.00 Direct F4
transaction NLCP Dividend Equivalent Rights Disposed to Issuer -$77.9K -4.81K -100% $16.18 0 Jan 17, 2025 Common Stock 4.81K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 17, 2025, the Compensation Committee of the Board of Directors of NewLake Capital Partners, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance hurdles during the measurement period that began on January 1, 2022, and ended on December 31, 2024, and approved the vesting of the performance restricted stock units ("PSUs").
F2 In accordance with the award agreement and the Issuer's 2021 Equity Incentive Plan, the PSUs convert into common stock on a one-for-one basis.
F3 Shares reported were withheld from the Reporting Person for the payment of taxes associated with the vesting of the PSUs.
F4 Dividend equivalent rights accrued with respect to these PSUs 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 PSUs vested on January 17, 2025. 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 $16.18, which was the closing price of the Issuer's common stock on January 17, 2025.