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.

Insights

Financial Analyst

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.

Corporate Governance Expert

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hamblin Nikki

(Last) (First) (Middle)

1525 PERIMETER PARKWAY

SUITE 325

(Street)

HUNTSVILLE AL 35806

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LAKELAND INDUSTRIES INC [ LAKE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01 per share	08/01/2025		A		2,987(1)	A	$0.00	25,328	D
Common Stock, par value $.01 per share	08/01/2025		A		896(2)	A	$0.00	26,224	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. 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.

	/s/ Roger D. Shannon, by power of attorney	08/05/2025
	** Signature of Reporting Person	Date
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FAQ

What did LAKE director Nikki Hamblin receive on Aug 1, 2025?

She was granted 2,987 restricted shares and 896 RSUs as reported on the Form 4 dated 08/01/2025.

How much cash was converted into stock for the retainer?

The reporting person elected to receive $39,875 of her remaining fiscal year 2026 retainer in common stock.

What per-share price was used to determine the grant size?

The number of shares and RSUs were based on a per-share value of $13.35, the closing price on the date of grant.

When do the restricted stock and RSUs vest?

Both the restricted stock and the RSUs vest on the first anniversary of the grant date, subject to continued service and termination-for-cause provisions.

When was the Form 4 signed and by whom?

The form bears a signature by Roger D. Shannon, by power of attorney, dated 08/05/2025.