Lakeland Industries (LAKE) awards new RSU grants to director
Rhea-AI Filing Summary
McAteer Thomas J reported acquisition or exercise transactions in this Form 4 filing.
Lakeland Industries director Thomas J. McAteer reported two equity compensation grants in the form of restricted stock units (RSUs). He was awarded 3,021 RSUs and 7,553 RSUs, each representing the right to receive one share of common stock for every unit. The RSUs vest on the first anniversary of the grant date, provided he remains in continuous service through that vesting date. These awards are non-cash grants and are not open-market share purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McAteer Thomas J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 7,553 | $0.00 | -- |
| Grant/Award | Common Stock, par value $.01 per share | 3,021 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 80,983 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant 1: 3,021 RSUs
RSU grant 2: 7,553 RSUs
Vesting schedule: 1-year cliff vesting
+1 more
4 metrics
RSU grant 1
3,021 RSUs
Award of restricted stock units to director Thomas J. McAteer
RSU grant 2
7,553 RSUs
Second award of restricted stock units to the same director
Vesting schedule
1-year cliff vesting
RSUs vest on the first anniversary of the grant date
Grant price
$0.00 per unit
Compensation grant with no cash paid by the director
Key Terms
restricted stock units ("RSUs"), contingent right, continuous service, vesting date
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"
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
"which represent a contingent right to receive one share of Common Stock"
continuous service financial
"The RSUs vest on the first anniversary of the date of grant; provided, that the reporting person remains in continuous service"
vesting date financial
"remains in continuous service through the vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LAKELAND INDUSTRIES INC (LAKE) report for Thomas J. McAteer?
Lakeland Industries reported that director Thomas J. McAteer received two equity grants. He was awarded 3,021 and 7,553 restricted stock units, which are compensation awards rather than open-market share purchases or sales.
How many restricted stock units were granted to the LAKE director in this Form 4?
The director received two separate restricted stock unit grants: one for 3,021 units and another for 7,553 units. Each RSU represents a contingent right to receive one share of Lakeland Industries common stock when it vests.
What are the vesting terms of the restricted stock units granted by LAKELAND INDUSTRIES INC?
The restricted stock units vest on the first anniversary of the grant date. Vesting is conditional on the director remaining in continuous service with Lakeland Industries through that one-year vesting date, according to the Form 4 footnote.
Are the RSU grants to the LAKE director immediately payable in common stock?
The RSU grants are not immediately payable in common stock. Each restricted stock unit represents a contingent right to receive one share, which becomes deliverable only after the RSUs vest on the first anniversary of the grant date.