Lakeland Industries (LAKE) CFO granted 9,175 RSUs vesting through 2029
Rhea-AI Filing Summary
Lakeland Industries reported that CFO and Secretary James Calven Swinea Jr. received a grant of 9,175 shares of common stock as a stock-based award. His direct holdings increased to 16,133 shares after the transaction. The award is structured as restricted stock units that convert into shares as they vest.
The RSUs vest in three equal installments: 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. No open‑market share purchases or sales were reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Swinea James Calven Jr.
Role
CFO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 9,175 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 16,133 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 9,175 shares
Post-grant holdings: 16,133 shares
Grant price: $0.0000 per share
+2 more
5 metrics
RSU grant size
9,175 shares
Restricted stock unit award to CFO
Post-grant holdings
16,133 shares
Direct common stock held after transaction
Grant price
$0.0000 per share
Equity award received at no cash cost
Second vesting date
January 31, 2028
One-third of RSUs vest on this date
Final vesting date
January 31, 2029
Final third of RSUs vest on this date
Key Terms
restricted stock units ("RSUs"), contingent right, vest
3 terms
restricted stock units ("RSUs") financial
"The reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of common stock"
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.
contingent right financial
"which represent a contingent right to receive one share of common stock"
vest financial
"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"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Lakeland Industries (LAKE) report for its CFO?
Lakeland Industries reported that CFO and Secretary James Calven Swinea Jr. received a stock-based grant of 9,175 shares of common stock. The award was structured as restricted stock units that convert into shares over time as they vest, rather than an open-market purchase.
How many restricted stock units did the Lakeland Industries (LAKE) CFO receive?
The CFO received 9,175 restricted stock units, each representing a right to one share of Lakeland Industries common stock. These RSUs are part of his equity compensation and will settle in shares only as they vest under the specified multi‑year vesting schedule in the grant terms.
What is the vesting schedule for the Lakeland Industries (LAKE) CFO’s RSUs?
The RSUs vest in three equal parts: one-third on the first anniversary of the grant date, one-third on January 31, 2028, and one-third on January 31, 2029. Vesting requires the CFO to remain in continuous service with Lakeland Industries through each vesting date.
What are restricted stock units (RSUs) in the Lakeland Industries (LAKE) filing?
In this filing, restricted stock units represent a contingent right to receive one share of Lakeland Industries common stock for each RSU. They do not become actual shares until vesting conditions are met, tying the CFO’s compensation to ongoing service over several years.