Form 4: Lakeland Industries CEO James M. Jenkins Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
James M. Jenkins, CEO of Lakeland Industries, disposed of 6,000 shares of common stock on September 1, 2024, to cover tax obligations.
Summary
- On September 1, 2024, James M. Jenkins, the President, CEO, and Executive Chairman of Lakeland Industries, disposed of 6,000 shares of common stock.
- The transaction was executed at a price of $23.78 per share.
- This disposal was to cover tax obligations.
- Following the transaction, Jenkins directly owns 67,694 shares of Lakeland Industries common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction related to tax obligations, which is a routine occurrence.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, and large shareholders) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of transaction: Disposal of 6,000 shares of common stock. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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