Lakeland Industries (LAKE) grants director 7,553 RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lakeland Industries director Jeffrey T. Schlarbaum reported routine equity compensation and related tax withholding. He was granted 7,553 restricted stock units (RSUs), each representing the right to receive one share of common stock, which vest on the first anniversary of the grant if he remains in continuous service.
A few days earlier, 3,156 shares of common stock were withheld at $10.98 per share to satisfy tax obligations, a non-market disposition. After these transactions, Schlarbaum directly holds 31,176 shares of Lakeland Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schlarbaum Jeffrey T
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 | 3,156 | $10.98 | $35K |
Holdings After Transaction:
Common Stock, par value $.01 per share — 31,176 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 7,553 units
Tax-withholding shares: 3,156 shares
Tax-withholding price: $10.98 per share
+2 more
5 metrics
RSUs granted
7,553 units
Restricted stock units granted to director Jeffrey T. Schlarbaum
Tax-withholding shares
3,156 shares
Common shares delivered for tax liability
Tax-withholding price
$10.98 per share
Value used for tax-withholding disposition
Holdings after grant
31,176 shares
Common shares held directly after RSU-related acquisition
Holdings after tax withholding
23,623 shares
Common shares held directly immediately after 3,156-share withholding
Key Terms
restricted stock units ("RSUs"), tax-withholding disposition, Grant, award, or other acquisition, contingent right, +1 more
5 terms
restricted stock units ("RSUs") 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 (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.
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""
contingent right financial
"which represent a contingent right to receive one share of Common Stock"
vest financial
"The RSUs vest on the first anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transactions did LAKELAND INDUSTRIES INC (LAKE) report for Jeffrey Schlarbaum?
Jeffrey T. Schlarbaum reported a grant of 7,553 restricted stock units and a tax-withholding disposition of 3,156 common shares at $10.98 per share. These transactions reflect routine equity compensation and related tax settlement activity, not open-market buying or selling.
How many RSUs were granted to Jeffrey Schlarbaum by Lakeland Industries (LAKE)?
Lakeland Industries granted Jeffrey T. Schlarbaum 7,553 restricted stock units. Each RSU represents a contingent right to receive one share of common stock, subject to vesting on the first anniversary of the grant if he continues in service through that date.
When do Jeffrey Schlarbaum’s Lakeland Industries RSUs vest?
Jeffrey Schlarbaum’s restricted stock units vest on the first anniversary of the grant date. Vesting requires that he remain in continuous service with Lakeland Industries through that vesting date, aligning the award with ongoing board or company service.