Lakeland Industries (LAKE) CEO awarded 23,619 RSUs and updates holdings
Rhea-AI Filing Summary
Jenkins James M. reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Industries President, CEO & Executive Chair James M. Jenkins received a grant of 23,619 restricted stock units (RSUs) at no cost, each representing one share of common stock. The RSUs vest one-third on the first anniversary of the grant date, one-third on January 31, 2028, and one-third on January 31, 2029, provided he remains in continuous service through each vesting date.
After this award, Jenkins directly holds 107,705.502 shares of common stock and has indirect ownership of 2,255 shares held by his spouse. The filing also corrects an earlier Form 4 that had mistakenly reported an open-market purchase of 1,265 shares as directly owned instead of indirectly owned through his spouse.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 23,619 | $0.00 | -- |
| holding | Common Stock, par value $.01 per share | -- | -- | -- |
Footnotes (1)
- The reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of common stock, par value $.01 per share, of the issuer for each RSU. The RSUs vest 1/3 on the first anniversary of the date of grant, 1/3 on January 31, 2028 and 1/3 on January 31, 2029; provided, however, that the reporting person remains in continuous service through the vesting date. The reporting person's Form 4 filed on December 19, 2025 inadvertently overstated the reporting person's direct holdings of common stock by disclosing the open market purchase of 1,265 shares as being attributable to his direct holdings instead of his indirect holdings by his spouse. Accordingly, the totals reported herein correct the attribution of those 1,265 shares.