LAKELAND INDUSTRIES (LAKE) CRO reports 594-share tax withholding, holds 19,022 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LAKELAND INDUSTRIES INC Chief Revenue Officer - Fire, Barry G. Phillips, reported a tax-related share disposition. On April 15, 2026, 594 shares of common stock were withheld at $9.37 per share to cover tax obligations tied to equity compensation.
After this tax-withholding disposition, Phillips beneficially owned 19,022 shares directly, including 1,922 shares held in an employee stock purchase plan account. The transaction reflects a routine tax payment mechanism rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phillips Barry G
Role
Chief Revenue Officer - Fire
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $.01 per share | 594 | $9.37 | $6K |
Holdings After Transaction:
Common Stock, par value $.01 per share — 19,022 shares (Direct)
Footnotes (1)
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Key Figures
Tax-withholding shares: 594 shares
Tax-withholding price: $9.37 per share
Shares owned after transaction: 19,022 shares
+1 more
4 metrics
Tax-withholding shares
594 shares
Common stock withheld for taxes on April 15, 2026
Tax-withholding price
$9.37 per share
Price used for tax-withholding disposition
Shares owned after transaction
19,022 shares
Beneficial ownership following tax withholding
Employee stock purchase plan shares
1,922 shares
Portion of beneficial ownership held in ESPP account
Key Terms
tax-withholding disposition, beneficially owned, employee stock purchase plan, Common Stock, par value $.01 per share
4 terms
tax-withholding disposition financial
"reported a tax-related share disposition. On April 15, 2026, 594 shares of common stock were withheld"
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.
beneficially owned financial
"After this tax-withholding disposition, Phillips beneficially owned 19,022 shares directly"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
employee stock purchase plan financial
"includes 1,922 shares held in an employee stock purchase plan account"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What insider transaction did LAKELAND INDUSTRIES (LAKE) report for Barry G. Phillips?
LAKELAND INDUSTRIES reported that Barry G. Phillips had 594 shares of common stock withheld to cover tax obligations. This was a tax-withholding disposition, not an open-market sale, and relates to equity compensation rather than a discretionary trade.
Was the LAKE insider transaction an actual stock sale on the market?
No, the LAKE insider transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by the company at $9.37 per share to satisfy tax liabilities associated with equity compensation grants.
What role does Barry G. Phillips hold at LAKELAND INDUSTRIES (LAKE)?
Barry G. Phillips serves as Chief Revenue Officer - Fire at LAKELAND INDUSTRIES. The reported Form 4 transaction reflects routine tax withholding on his equity compensation, rather than a discretionary buy or sell decision in the open market.
Does the LAKE Form 4 show any option exercises or derivative transactions?
No derivative transactions or option exercises are shown in this Form 4. The filing discloses only a non-derivative tax-withholding disposition of 594 common shares, with no remaining derivative positions listed in the derivative summary section.