Lakeland director elects $39,875 in stock; RSUs include 30% premium
Rhea-AI Filing Summary
Form 4 filed for LAKELAND INDUSTRIES INC (LAKE) reporting person: Nikki Hamblin. The filing reports equity awards granted on 08/01/2025 as compensation for director retainer fees.
Table I shows an acquisition (Code A) of 2,987 shares of restricted common stock and an acquisition of 896 restricted stock units (RSUs). Footnotes state Ms. Hamblin elected to receive $39,875 of her remaining fiscal year 2026 retainer in common stock based on a per-share value of $13.35, and the RSUs represent a 30% premium on the equity election amount. The restricted stock and RSUs vest on the first anniversary of the grant, subject to continued service and termination-for-cause provisions.
The form is signed by Roger D. Shannon by power of attorney on 08/05/2025.
Positive
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Insights
TL;DR: Routine director compensation converted to equity: modest share grants and premium RSUs, not a material capital event for investors.
This Form 4 documents non-derivative acquisitions by director Nikki Hamblin on 08/01/2025: 2,987 restricted shares and 896 RSUs granted as retainer compensation. The cash-equivalent election of $39,875 and the stated per-share valuation of $13.35 are explicit. Vesting is time-based (one year) and contingent on continued service. From an analyst perspective, these awards align director incentives with shareholders but do not constitute dilution material enough to affect valuation given the modest absolute share count disclosed.
TL;DR: Governance practice: equity in lieu of cash and a 30% RSU premium are transparent, time‑vested incentives typical for non-employee directors.
The filing clearly describes the structure: restricted stock in lieu of $39,875 retainer and RSUs delivering a 30% premium, both vesting after one year subject to standard service/for-cause clauses. Documentation includes necessary Section 16 reporting and POA signature. This disclosure reflects routine board compensation mechanics and demonstrates alignment but raises no governance red flags based on the information provided.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 2,987 | $0.00 | -- |
| Grant/Award | Common Stock, par value $.01 per share | 896 | $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 $39,875 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. 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.
