Lakeland Industries (LAKE) director granted 7,553 RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamblin Nikki reported acquisition or exercise transactions in this Form 4 filing.
LAKELAND INDUSTRIES INC director Nikki Hamblin received an equity award in the form of restricted stock units. She was granted 7,553 RSUs, each representing a contingent right to receive one share of common stock. The RSUs vest on the first anniversary of the grant if she remains in continuous service, and her direct holdings after the award total 33,777 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hamblin Nikki
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $.01 per share | 7,553 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $.01 per share — 33,777 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 7,553 units
Grant price per RSU: $0.00 per unit
Shares held after transaction: 33,777 shares
+1 more
4 metrics
RSUs granted
7,553 units
Restricted stock units awarded to director on grant date
Grant price per RSU
$0.00 per unit
Reported transaction price for RSU award
Shares held after transaction
33,777 shares
Total direct common stock holdings following RSU grant
Vesting period
1 year
RSUs vest on first anniversary of grant with continuous service
Key Terms
restricted stock units ("RSUs"), contingent right, vest, continuous service
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
"RSUs, 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.
continuous service financial
"provided, that the reporting person remains in continuous service through the vesting date"
FAQ
What did LAKELAND INDUSTRIES INC (LAKE) director Nikki Hamblin report on this Form 4?
Director Nikki Hamblin reported receiving 7,553 restricted stock units as an equity award. Each RSU represents a contingent right to one share of Lakeland Industries common stock, subject to future vesting conditions tied to continued service.
How many restricted stock units did Nikki Hamblin receive from LAKE?
She received 7,553 restricted stock units. These RSUs provide a contingent right to receive an equal number of Lakeland Industries common shares if vesting conditions are met, aligning her compensation more closely with shareholder interests over time.
When do Nikki Hamblin’s Lakeland Industries RSUs vest?
The RSUs vest on the first anniversary of the grant date. Vesting requires that Nikki Hamblin remain in continuous service with Lakeland Industries through that one-year vesting date, making this a time-based retention incentive.
Are Nikki Hamblin’s Lakeland Industries RSUs fully owned today?
The RSUs represent a contingent right, not currently-issued shares. They convert into common stock only if the vesting condition is met, specifically that Nikki Hamblin remains in continuous service through the first anniversary of the grant date.