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Director takes Lakeland (NASDAQ: LAKE) retainer in stock and RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Glavin Martin G reported acquisition or exercise transactions in this Form 4 filing.

Lakeland Industries director Martin G. Glavin received equity compensation instead of cash fees. He was granted 2,103 shares of restricted common stock and 7,009 restricted stock units, both valued using a per-share price of $9.63.

The restricted stock represents $67,500 of his remaining fiscal 2027 director retainer fees, taken in stock rather than cash. Both the restricted shares and RSUs vest on the first anniversary of the grant date, if he continues serving as a director and is not terminated for cause before vesting.

Positive

  • None.

Negative

  • None.
Insider Glavin Martin G
Role null
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 per share 7,009 $0.00 --
Grant/Award Common Stock, par value $.01 per share 2,103 $0.00 --
Holdings After Transaction: Common Stock, par value $.01 per share — 30,167 shares (Direct, null)
Footnotes (1)
  1. The reporting person was granted restricted stock in lieu of a portion of his retainer fees for the remainder of the fiscal year ending January 31, 2027. The reporting person elected to receive $67,500 of his remaining fiscal year 2027 retainer fees in the form of the Issuer's common stock, par value $0.01 per share ("Common Stock"). The number of shares of restricted stock granted is based on a per share value of $9.63, the closing price of the Common Stock on the date of grant. The restricted stock vests on the first anniversary of the date of grant; provided, that the reporting person's service as a director is not terminated for cause prior to the vesting date. The reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock. These RSUs represent a 30% premium on the amount of retainer fees the reporting person has elected to receive in the form of equity in lieu of cash, as explained in the first footnote above. The number of RSUs granted is based on a per share value of $9.63, the closing price of the Common Stock on the date of grant. The RSUs vest on the first anniversary of the date of grant; provided, that the reporting person remains in continuous service through the vesting date.
Restricted stock granted 2,103 shares Restricted common stock granted in lieu of retainer fees
Restricted stock units granted 7,009 RSUs RSUs granted as equity-based director compensation
Retainer fees taken in stock $67,500 Director’s remaining fiscal 2027 retainer converted to restricted stock
Valuation price per share $9.63 per share Closing price of common stock on grant date used for awards
Vesting period 1 year Restricted stock and RSUs vest on first anniversary of grant
Shares held after one transaction 32,270 shares Total common shares owned directly following one reported grant
Shares held after other transaction 30,167 shares Total common shares owned directly following the other reported grant
restricted stock financial
"The reporting person was granted restricted stock in lieu of a portion of his retainer fees"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
restricted stock units ("RSUs") financial
"The reporting person was granted restricted stock units ("RSUs"), which represent a contingent right"
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.
retainer fees financial
"receive $67,500 of his remaining fiscal year 2027 retainer fees in the form of the Issuer's common stock"
continuous service financial
"The RSUs vest on the first anniversary of the date of grant; provided, that the reporting person remains in continuous service"
vests financial
"The restricted stock vests on the first anniversary of the date of grant"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Glavin Martin G
(Last)(First)(Middle)
1525 PERIMETER PARKWAY
SUITE 325
(Street)
HUNTSVILLE ALABAMA 35806
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LAKELAND INDUSTRIES INC [ LAKE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $.01 per share05/06/2026A7,009(1)A$030,167D
Common Stock, par value $.01 per share05/06/2026A2,103(2)A$032,270D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The reporting person was granted restricted stock in lieu of a portion of his retainer fees for the remainder of the fiscal year ending January 31, 2027. The reporting person elected to receive $67,500 of his remaining fiscal year 2027 retainer fees in the form of the Issuer's common stock, par value $0.01 per share ("Common Stock"). The number of shares of restricted stock granted is based on a per share value of $9.63, the closing price of the Common Stock on the date of grant. The restricted stock vests on the first anniversary of the date of grant; provided, that the reporting person's service as a director is not terminated for cause prior to the vesting date.
2. The reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock. These RSUs represent a 30% premium on the amount of retainer fees the reporting person has elected to receive in the form of equity in lieu of cash, as explained in the first footnote above. The number of RSUs granted is based on a per share value of $9.63, the closing price of the Common Stock on the date of grant. The RSUs vest on the first anniversary of the date of grant; provided, that the reporting person remains in continuous service through the vesting date.
Remarks:
Exhibit 24 - Power of Attorney
/s/ J. Calven Swinea, Jr., by power of attorney05/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did LAKE director Martin G. Glavin report in this Form 4?

Martin G. Glavin reported receiving equity awards as director compensation. He accepted restricted stock and restricted stock units instead of cash retainer fees, with both awards vesting after one year if he continues serving on Lakeland Industries’ board.

How many Lakeland Industries (LAKE) shares did the director receive?

He received 2,103 shares of restricted common stock. These shares were granted in lieu of a portion of his fiscal 2027 director retainer fees and will vest after one year, assuming his board service is not terminated for cause before the vesting date.

What restricted stock units (RSUs) did the LAKE director receive?

He was granted 7,009 restricted stock units, each representing a right to one share of common stock. The RSUs reflect additional equity compensation and will vest on the first anniversary of the grant date if he remains in continuous service on the board.

How was the value of the Lakeland Industries equity awards determined?

The awards were valued using a per-share price of $9.63, which was the closing price of Lakeland Industries common stock on the grant date. This price was used to calculate both the restricted stock and the restricted stock unit awards reported.

How much of his LAKE director retainer did Glavin take in stock?

He elected to receive $67,500 of his remaining fiscal 2027 retainer fees in restricted stock. That cash amount was converted into 2,103 shares using the $9.63 closing price, rather than being paid as cash compensation for his board service.

Why is there a 30% premium mentioned for the LAKE RSU grant?

The restricted stock units represent a 30% premium on the retainer fees he chose to receive as equity instead of cash. This means he receives additional RSUs, beyond the restricted stock, as an incentive for electing stock-based compensation over cash payments.