Lakeland Industries (LAKE) awards 7,553 restricted stock units to director
Rhea-AI Filing Summary
Rudow Lee D. reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Industries Inc. director Lee D. Rudow received a grant of 7,553 restricted stock units (RSUs) of common stock. These RSUs were awarded at no cash cost and will vest on the first anniversary of the grant date, provided he remains in continuous service. Following this compensation-related award, Rudow holds 17,568 shares of common stock directly.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rudow Lee D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 7,553 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 17,568 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 7,553 units
Shares after transaction: 17,568 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSUs granted
7,553 units
Restricted stock units awarded to director on grant date
Shares after transaction
17,568 shares
Total common stock held directly after RSU grant
Grant price
$0.00 per share
Reported transaction price for RSU award
Vesting schedule
First anniversary of grant
RSUs vest after one year of continuous service
Key Terms
restricted stock units ("RSUs"), contingent right, vest, continuous service
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"
vest financial
"The RSUs vest on the first anniversary of the date of grant"
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, that the reporting person remains in continuous service through the vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Lakeland Industries (LAKE) report in this Form 4 for Lee D. Rudow?
Lakeland Industries reported that director Lee D. Rudow received a grant of 7,553 restricted stock units (RSUs). The award is a form of equity compensation rather than an open-market stock purchase or sale.
When do Lee D. Rudow’s Lakeland Industries RSUs vest?
The RSUs granted to Lee D. Rudow vest on the first anniversary of the grant date. Vesting is conditional on his remaining in continuous service with Lakeland Industries through that vesting date, according to the disclosure.
Did Lee D. Rudow buy or sell Lakeland Industries stock in this Form 4?
The Form 4 does not show an open-market buy or sell. It reports an acquisition coded as a grant of 7,553 restricted stock units, a compensation award with a reported price of $0.00 per share rather than a market trade.
What is a restricted stock unit (RSU) in the Lakeland Industries filing?
The filing explains that each restricted stock unit (RSU) represents a contingent right to receive one share of Lakeland Industries common stock. The RSUs convert into shares only upon vesting, assuming the service condition is satisfied.