Lakeland (NASDAQ: LAKE) director reports RSU grant and tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LAKELAND INDUSTRIES INC director Melissa Kidd reported routine equity compensation activity. She acquired 7,553 shares of common stock on a grant/award basis, corresponding to restricted stock units that vest on the first anniversary of the grant if she remains in continuous service. On an earlier date, 2,445 shares were disposed of to cover tax obligations at a price of $10.98 per share. Following these transactions, she holds 16,018 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kidd Melissa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 7,553 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 2,445 | $10.98 | $27K |
Holdings After Transaction:
Common Stock, par value $.01 per share — 16,018 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU-related grant: 7,553 shares
Tax-withholding shares: 2,445 shares
Tax-withholding price: $10.98 per share
+1 more
4 metrics
RSU-related grant
7,553 shares
Grant/award acquisition of common stock tied to RSUs
Tax-withholding shares
2,445 shares
Shares delivered to satisfy tax liability
Tax-withholding price
$10.98 per share
Value used for 2,445-share tax disposition
Post-transaction holdings
16,018 shares
Common stock directly held after reported transactions
Key Terms
restricted stock units, RSUs, tax-withholding disposition, Grant, award, or other acquisition
4 terms
restricted stock units 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 are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The reporting person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transactions did LAKELAND INDUSTRIES INC (LAKE) director Melissa Kidd report?
Melissa Kidd reported two transactions: a grant/award acquisition of 7,553 common shares and a tax-withholding disposition of 2,445 shares. These entries reflect routine equity compensation and related tax settlement rather than open-market buying or selling activity.
Were Melissa Kidd’s LAKE Form 4 transactions open-market buys or sells?
No, the Form 4 shows no open-market buys or sells. The acquisition reflects a grant or award of 7,553 shares, while the 2,445-share disposition represents shares delivered to cover tax liabilities at $10.98 per share.
What are the terms of the restricted stock units granted to Melissa Kidd at LAKE?
The restricted stock units represent a right to receive one share of common stock for each unit. They vest on the first anniversary of the grant date, provided she remains in continuous service through that vesting date, aligning the award with ongoing board service.
What does the tax-withholding disposition in Melissa Kidd’s LAKE Form 4 mean?
The 2,445-share tax-withholding disposition reflects shares delivered at $10.98 each to satisfy tax obligations tied to equity compensation. This is not an open-market sale; it is an administrative mechanism for paying taxes directly with shares.