Lakeland Industries director receives RSU awards
McAteer Thomas J reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
McAteer Thomas J reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Industries director Thomas J. McAteer reported two equity compensation grants in the form of restricted stock units (RSUs). He was awarded 3,021 RSUs and 7,553 RSUs, each representing the right to receive one share of common stock for every unit. The RSUs vest on the first anniversary of the grant date, provided he remains in continuous service through that vesting date. These awards are non-cash grants and are not open-market share purchases.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 7,553 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $.01 per share | 3,021 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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 on the first anniversary of the date of grant; provided, that the reporting person remains in continuous service through the vesting date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
contingent right financial
continuous service financial
vesting date financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LAKELAND INDUSTRIES INC (LAKE) report for Thomas J. McAteer?
How many restricted stock units were granted to the LAKE director in this Form 4?
What are the vesting terms of the restricted stock units granted by LAKELAND INDUSTRIES INC?
Are the RSU grants to the LAKE director immediately payable in common stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.