Lakeland Industries (NASDAQ: LAKE) CRO logs 151-share tax-withholding disposition
Rhea-AI Filing Summary
LAKELAND INDUSTRIES INC officer Barry G. Phillips, Chief Revenue Officer - Fire, reported a Form 4 transaction involving a tax-withholding disposition of 151 shares of common stock at $11.03 per share. This was characterized as "Payment of exercise price or tax liability by delivering securities." Following this routine withholding event, Phillips holds 24,412 shares of Lakeland Industries common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phillips Barry G
Role
Chief Revenue Officer - Fire
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $.01 per share | 151 | $11.03 | $2K |
Holdings After Transaction:
Common Stock, par value $.01 per share — 24,412 shares (Direct)
Footnotes (1)
Key Figures
Shares disposed for tax withholding: 151 shares
Transaction price per share: $11.03 per share
Shares held after transaction: 24,412 shares
3 metrics
Shares disposed for tax withholding
151 shares
Tax-withholding disposition of common stock reported on transaction date 2026-07-11
Transaction price per share
$11.03 per share
Price used for the 151-share tax-withholding disposition
Shares held after transaction
24,412 shares
Direct common stock holdings of Barry G. Phillips following the reported transaction
Key Terms
tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, Common Stock, par value $.01 per share
3 terms
tax-withholding disposition financial
"transaction_action is described as a tax-withholding disposition of 151 shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description states Payment of exercise price or tax liability"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LAKE officer Barry G. Phillips report?
Barry G. Phillips reported a tax-withholding disposition of 151 shares of Lakeland Industries common stock at $11.03 per share, used to satisfy tax or exercise obligations, leaving him with 24,412 shares held directly.
What role does the reporting person on the LAKE Form 4 hold at the company?
The reporting person, Barry G. Phillips, is identified as an officer of Lakeland Industries with the title Chief Revenue Officer - Fire, and this role is disclosed in the Form 4’s reporting person details.
How is the LAKE Form 4 transaction classified by code and description?
The LAKE Form 4 uses transaction code F, described as “Payment of exercise price or tax liability by delivering securities”, and labels the event as a tax-withholding disposition rather than a standard buy or sell.