LAKE Form 4: Director Equity Retainer Converted into 1,437 Shares plus RSUs
Rhea-AI Filing Summary
Melissa Kidd, a director of Lakeland Industries, Inc. (LAKE), reported equity compensation effective 08/01/2025. She elected to receive $19,188 of her remaining fiscal 2026 retainer in common stock at the $13.35 closing price, receiving 1,437 restricted shares that vest on the first anniversary provided her service is not terminated for cause. The issuer withheld 720 shares to satisfy tax withholding. In addition, Kidd received 431 restricted stock units (RSUs) representing a 30% premium on her equity election; those RSUs vest on the first anniversary subject to continuous service. Following these transactions, Kidd beneficially owned 10,910 shares. The Form 4 was signed by power of attorney on 08/05/2025.
Positive
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Negative
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Insights
TL;DR: Director received routine stock-based retainer and RSUs with one-year vesting; aligns compensation with shareholder interests.
The filing documents a common governance practice: a director elected cash retainer converted into equity and received a supplemental RSU premium. The election converted $19,188 into 1,437 restricted shares at $13.35 per share, with 720 shares withheld for taxes and 431 RSUs issued (30% premium). Vesting is time-based on the first anniversary and conditioned on continued service and no termination for cause, which supports director retention and alignment without immediate cash outlay by the company.
TL;DR: Insider equity grants recorded; withheld shares cover taxes and RSUs carry standard cliff vesting, minimal immediate market impact.
The transactions are recorded as acquisitions of restricted stock and RSUs on 08/01/2025. The RSUs and restricted shares are not immediately transferable and vest on the first anniversary subject to service conditions. The issuer withheld 720 shares to satisfy tax obligations related to the grant. After the reported entries, beneficial ownership is shown as 10,910 shares. The filing is a routine Form 4 disclosure of director compensation in equity form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 1,437 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 720 | $13.35 | $10K |
| Grant/Award | Common Stock, par value $.01 per share | 431 | $0.00 | -- |
Footnotes (1)
- The reporting person was granted restricted stock in lieu of a portion of her retainer fees for the remainder of the fiscal year ending January 31, 2026. The reporting person elected to receive $19,188 of her remaining fiscal year 2026 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 $13.35, 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. Shares withheld by the Issuer to satisfy the reporting person's tax obligation in connection with the grant of restricted stock. 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 $13.35, 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.
