Lakeland Industries director granted stock, RSUs
Glavin Martin G reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
Grant/Award: 9,112 shares
Grant/Award
2 txns
Insider
Glavin Martin G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 7,009 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $.01 per share | 2,103 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, par value $.01 per share — 32,270 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Restricted stock granted: 2,103 shares
Restricted stock units granted: 7,009 RSUs
Retainer fees taken in stock: $67,500
+4 more
7 metrics
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
Key Terms
restricted stock, restricted stock units ("RSUs"), retainer fees, continuous service, +1 more
5 terms
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
