Lakeland Industries (LAKE) grants 6,256-share RSU award to executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LAKELAND INDUSTRIES INC executive Cameron Stokes reported an equity-based compensation grant. He acquired 6,256 shares of common stock at a price of $0.00 per share, tied to restricted stock units that each represent a right to receive one share.
The RSUs vest in three equal installments, with one-third on the first anniversary of the grant date, one-third on January 31, 2028, and one-third on January 31, 2029, as long as he remains in continuous service through each vesting date. After this grant, Stokes directly holds 10,841 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stokes Cameron
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 6,256 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 10,841 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 6,256 shares
Grant price: $0.00 per share
Shares after transaction: 10,841 shares
+1 more
4 metrics
RSU grant size
6,256 shares
Restricted stock units representing common stock
Grant price
$0.00 per share
Price for the 6,256-share equity award
Shares after transaction
10,841 shares
Direct holdings following the grant
Vesting tranche count
3 tranches
First anniversary of grant, January 31, 2028, January 31, 2029
Key Terms
restricted stock units ("RSUs"), contingent right, vesting date
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"
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
"RSUs, which represent a contingent right to receive one share of common stock"
vesting date financial
"and 1/3 on January 31, 2029; provided, however, that the reporting person remains in continuous service through the vesting date"
FAQ
What did Cameron Stokes acquire in this LAKE Form 4 filing?
Cameron Stokes received 6,256 shares of LAKELAND INDUSTRIES common stock as a grant. The award is structured as restricted stock units, each representing a right to receive one share, and was granted at a price of $0.00 per share as compensation.
How do the LAKE restricted stock units granted to Cameron Stokes vest?
The 6,256 RSUs granted to Cameron Stokes vest in three equal parts. One-third vests on the first anniversary of the grant date, another third on January 31, 2028, and the final third on January 31, 2029, subject to continuous service.
What service condition applies to Cameron Stokes’ LAKE RSU award?
The RSU award requires that Cameron Stokes remain in continuous service through each vesting date. If he continues serving through the first anniversary, January 31, 2028, and January 31, 2029, he will receive each one-third tranche of the 6,256-unit grant.