Lakeland Industries (LAKE) officer details stock, options and RSU stake
Rhea-AI Filing Summary
Lakeland Industries Inc. officer Kevin Rae filed an initial ownership report showing his equity stake in the company. He directly holds 47,964 shares of common stock, including 3,363 restricted stock units that each convert into one share as they vest. The RSUs vest one-third on September 2, 2026, one-third on January 31, 2027 and one-third on January 31, 2028, subject to continued service. Rae also holds stock options covering 3,000 shares of common stock at an exercise price of $18.68 per share, expiring on May 30, 2034, and additional options on 3,500 shares at an exercise price of $24.92 per share, expiring on August 19, 2034.
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Rae Kevin
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock, par value $.01 per share | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 6,500 shares (Direct);
Common Stock, par value $.01 per share — 47,964 shares (Direct)
Footnotes (1)
- F1. Includes 3,363 restricted stock units ("RSUs"), which represent a contingent right to receive one share of common stock, par value $.01 per share, of the issuer for each RSU. The RSUs vest 1/3 on September 2, 2026, 1/3 on January 31, 2027 and 1/3 on January 31, 2028, assuming in each case that the reporting person remains in continuous service through each such vesting date.
Key Figures
Direct common shares: 47,964 shares
Restricted stock units: 3,363 RSUs
Option grant 1 exercise price: $18.68 per share
+4 more
7 metrics
Direct common shares
47,964 shares
Common Stock, par value $.01 per share, direct ownership
Restricted stock units
3,363 RSUs
Each RSU represents one share of common stock; vests in three tranches
Option grant 1 exercise price
$18.68 per share
Stock Option (Right to Buy) on 3,000 underlying common shares; expires May 30, 2034
Option grant 1 underlying shares
3,000 shares
Underlying common stock for option at $18.68 exercise price
Option grant 2 exercise price
$24.92 per share
Stock Option (Right to Buy) on 3,500 underlying common shares; expires August 19, 2034
Option grant 2 underlying shares
3,500 shares
Underlying common stock for option at $24.92 exercise price
RSU vesting schedule
3 dates
Vests 1/3 on Sept 2, 2026; 1/3 on Jan 31, 2027; 1/3 on Jan 31, 2028
Key Terms
Stock Option (Right to Buy), restricted stock units ("RSUs"), exercise price, expiration date, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy) with underlying common shares and exercise price"
restricted stock units ("RSUs") financial
"Includes 3,363 restricted stock units ("RSUs"), which represent a contingent right to receive one share"
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.
exercise price financial
"conversion_or_exercise_price: 18.6800 and 24.9200 for stock options on common stock"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2034-05-30 and 2034-08-19 for the reported stock options"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
continuous service financial
"assuming in each case that the reporting person remains in continuous service through each such vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 3 filing by Kevin Rae mean for LAKE investors?
The Form 3 shows Kevin Rae’s initial ownership in LAKELAND INDUSTRIES INC. He directly holds 47,964 common shares plus stock options and restricted stock units, giving transparency into his equity stake and alignment with shareholders through both current and potential future share ownership.
What stock options does Kevin Rae hold in Lakeland Industries (LAKE)?
Kevin Rae holds stock options tied to Lakeland Industries common stock. One grant covers 3,000 underlying shares at an $18.68 exercise price, expiring May 30, 2034. Another covers 3,500 underlying shares at a $24.92 exercise price, expiring August 19, 2034, all reported as direct holdings.
How are Kevin Rae’s restricted stock units in LAKE scheduled to vest?
Kevin Rae holds 3,363 restricted stock units in Lakeland Industries, each representing one common share. These RSUs vest in three equal installments: one-third on September 2, 2026, one-third on January 31, 2027, and one-third on January 31, 2028, contingent on continued service.