Lakeland Industries (LAKE) awards 5,321 RSUs to chief HR officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yartz Laurel A. reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Industries reported that Chief Human Resources Officer Laurel A. Yartz received a grant of 5,321 restricted stock units (RSUs), each representing a contingent right to one share of common stock. The award is a form of equity compensation and carries no purchase price.
The RSUs vest in three equal installments: one-third on the first anniversary of the grant date, one-third on January 31, 2028, and one-third on January 31, 2029, provided she remains in continuous service through each vesting date. Following this grant, Yartz directly holds 20,601.677 shares of Lakeland Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yartz Laurel A.
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 5,321 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 20,601.677 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 5,321 RSUs
Grant price: $0.0000 per share
Shares held after grant: 20,601.677 shares
+3 more
6 metrics
RSUs granted
5,321 RSUs
Equity award to Chief Human Resources Officer
Grant price
$0.0000 per share
Compensation grant, no cash paid
Shares held after grant
20,601.677 shares
Direct ownership following RSU award
First vesting
One-third of RSUs
Vests on first anniversary of grant date
Second vesting date
January 31, 2028
One-third of RSUs vest
Third vesting date
January 31, 2029
Final one-third of RSUs vest
Key Terms
restricted stock units ("RSUs"), contingent right, continuous service, transaction code "A"
4 terms
restricted stock units ("RSUs") financial
"The reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of common stock"
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"
continuous service financial
"The RSUs vest ... provided, however, that the reporting person remains in continuous service through the vesting date"
transaction code "A" financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Lakeland Industries (LAKE) disclose about Laurel A. Yartz in this Form 4?
Lakeland Industries disclosed that Chief Human Resources Officer Laurel A. Yartz received 5,321 restricted stock units as equity compensation, with no cash paid per unit. These RSUs convert into common shares as they vest over time, subject to continued service.
How many Lakeland Industries RSUs were granted to Laurel A. Yartz?
Laurel A. Yartz was granted 5,321 restricted stock units. Each RSU represents a contingent right to receive one share of Lakeland Industries common stock, par value $.01 per share, as the units vest according to the disclosed schedule.
What is the vesting schedule for Laurel A. Yartz’s Lakeland Industries RSUs?
The RSUs vest in three equal parts: one-third on the first anniversary of the grant date, one-third on January 31, 2028, and one-third on January 31, 2029. Vesting requires that she remain in continuous service through each vesting date.
Did Laurel A. Yartz pay anything for the Lakeland Industries RSUs?
No, the Form 4 shows a transaction price of $0.0000 per share for the 5,321 RSUs. This indicates the award was granted as compensation rather than purchased in the open market, a common structure for executive equity incentives.
Is this Lakeland Industries Form 4 a buy or sell transaction for Laurel A. Yartz?
This Form 4 reflects an acquisition through a grant of restricted stock units, not an open-market buy or sale. The transaction code is “A,” indicating a grant, award, or other acquisition of equity as part of her compensation package.