Equity award: Lakeland Industries (LAKE) grants 5,910 RSUs to officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rae Kevin reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Industries officer Kevin Rae received a grant of 5,910 restricted stock units, each representing one share of common stock at no purchase price. The RSUs vest in three equal installments: one-third on the first anniversary of grant, one-third on January 31, 2028, and one-third on January 31, 2029, contingent on continued service. Following this award, Rae directly holds 53,874 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rae Kevin
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 5,910 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 53,874 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 5,910 RSUs
Shares after transaction: 53,874 shares
RSU grant price: $0.0000 per share
+3 more
6 metrics
RSU grant size
5,910 RSUs
Grant of restricted stock units to Kevin Rae
Shares after transaction
53,874 shares
Direct common stock holdings after RSU grant
RSU grant price
$0.0000 per share
No purchase price for awarded RSUs
First vesting
1/3 of 5,910 RSUs
Vests on first anniversary of grant date
Second vesting date
January 31, 2028
Additional one-third of RSUs vest
Final vesting date
January 31, 2029
Remaining one-third of RSUs vest
Key Terms
restricted stock units ("RSUs"), contingent right, vest, continuous service
4 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
"RSUs, 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.
continuous service financial
"provided, however, that the reporting person remains in continuous service through the vesting date"
FAQ
What did the Lakeland Industries (LAKE) Form 4 report for Kevin Rae?
The Form 4 reports a grant of 5,910 restricted stock units to officer Kevin Rae. These RSUs are equity compensation, each representing one share of common stock, and were awarded at no purchase price, increasing his direct holdings to 53,874 shares after the grant.
What is the vesting schedule for Kevin Rae’s Lakeland Industries (LAKE) RSUs?
The 5,910 RSUs vest in three equal installments over several years. 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, assuming continuous service through each vesting date.
Are Kevin Rae’s Lakeland Industries (LAKE) RSUs immediately exercisable or paid in cash?
The RSUs are not immediately exercisable and involve no cash purchase price. Each restricted stock unit represents a contingent right to receive one share of common stock, subject to the multi-year vesting schedule and continued service requirements described in the Form 4 footnote.
Does the Lakeland Industries (LAKE) Form 4 show a stock purchase or sale by Kevin Rae?
The Form 4 shows an equity award, not an open-market purchase or sale. Kevin Rae received 5,910 restricted stock units as a grant, coded as an acquisition (A), reflecting compensation rather than a discretionary market transaction in Lakeland Industries shares.