LAKELAND INDUSTRIES (LAKE) COO receives 2,585-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hui An reported acquisition or exercise transactions in this Form 4 filing.
LAKELAND INDUSTRIES INC Chief Operating Officer Hui An received a grant of 2,585 shares of common stock as a restricted stock unit (RSU) award. The award was granted at no cash cost and increases An’s direct holdings to 73,327 shares.
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, subject to continued service with the company through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hui An
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 2,585 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 73,327 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,585 shares
Post-transaction holdings: 73,327 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant size
2,585 shares
Restricted stock units granted to COO Hui An
Post-transaction holdings
73,327 shares
Common stock directly owned after RSU award
Grant price
$0.00 per share
RSUs granted as compensation, no cash paid
Vesting schedule
3 equal installments
First anniversary of grant, Jan 31, 2028, Jan 31, 2029
Key Terms
restricted stock units, contingent right, continuous service, Grant, award, or other acquisition
4 terms
restricted stock units 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 are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did LAKELAND INDUSTRIES INC (LAKE) disclose for Hui An?
LAKELAND INDUSTRIES INC reported that Chief Operating Officer Hui An received a grant of 2,585 restricted stock units. These RSUs convert into one share of common stock each as they vest over time, increasing An’s equity-based compensation without requiring a cash purchase.
What are the vesting terms of Hui An’s new LAKE restricted stock units?
The 2,585 RSUs granted to Hui An vest in three equal installments. One-third vests on the first anniversary of the grant date, another third on January 31, 2028, and the final third on January 31, 2029, contingent on continuous service with the company.