Lakeland Industries (LAKE) awards 5,541 RSUs to Fire division CRO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phillips Barry G reported acquisition or exercise transactions in this Form 4 filing.
LAKELAND INDUSTRIES INC reported that Chief Revenue Officer - Fire Barry G. Phillips received a grant of 5,541 shares of common stock in the form of restricted stock units as equity compensation. These RSUs vest in three equal installments, with one-third on the first anniversary of the grant date, one-third on January 31, 2028, and one-third on January 31, 2029, contingent on continued service. After this award, Phillips directly holds 24,563 shares of common stock.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 5,541 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 24,563 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 5,541 RSUs
Shares owned after award: 24,563 shares
First vesting tranche: 1/3 of 5,541 RSUs
+3 more
6 metrics
RSUs granted
5,541 RSUs
Equity award to Chief Revenue Officer - Fire
Shares owned after award
24,563 shares
Direct common stock holdings after transaction
First vesting tranche
1/3 of 5,541 RSUs
Vests on first anniversary of grant date
Second vesting date
January 31, 2028
Vesting of second one-third of RSUs
Final vesting date
January 31, 2029
Vesting of final one-third of RSUs
Grant price per share
$0.00 per share
Equity award, not open-market purchase
Key Terms
restricted stock units ("RSUs"), contingent right, vest, continuous service, +1 more
5 terms
restricted stock units ("RSUs") financial
"The reporting person was granted 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.
contingent right financial
"RSUs, which represent a contingent right to receive one share of common stock..."
vest financial
"The RSUs vest 1/3 on the first anniversary of the date of grant, 1/3 on January 31, 2028 and 1/3 on January 31, 2029..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continuous service financial
"provided, however, that the reporting person remains in continuous service through the vesting date."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did LAKELAND INDUSTRIES (LAKE) report for Barry G. Phillips?
LAKELAND INDUSTRIES reported that Chief Revenue Officer - Fire Barry G. Phillips received 5,541 restricted stock units. Each RSU represents a right to one share of common stock, granted as equity compensation rather than an open-market purchase or sale.
How do the 5,541 RSUs granted to LAKELAND INDUSTRIES (LAKE) executive Barry G. Phillips vest?
The 5,541 restricted stock units vest in three equal tranches. One-third vests on the first anniversary of the grant date, one-third on January 31, 2028, and the final third on January 31, 2029, subject to continuous service.
Are the RSUs granted to LAKELAND INDUSTRIES (LAKE) executive Barry G. Phillips immediately settled in shares?
The restricted stock units represent a contingent right to receive one share of common stock for each RSU. Settlement in shares occurs as the RSUs vest over time, assuming the executive remains in continuous service through each vesting date.
Does the Barry G. Phillips Form 4 for LAKELAND INDUSTRIES (LAKE) involve an open-market stock purchase or sale?
The reported transaction is a grant of restricted stock units at a price of $0.00 per share. It reflects an equity award categorized as a grant or other acquisition, not an open-market purchase or sale of existing shares.