Form 4: Lakeland Industries CFO Roger D. Shannon Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Roger D. Shannon, CFO of Lakeland Industries, reports the acquisition of 10,211 restricted stock units (RSUs) and the disposal of 45,389 common stock shares.
Summary
- On April 15, 2025, Roger D. Shannon, the Chief Financial Officer of Lakeland Industries, acquired 10,211 restricted stock units (RSUs).
- These RSUs represent a contingent right to receive one share of Lakeland Industries common stock for each RSU.
- The RSUs vest in three tranches: 1/3 on April 15, 2026, 1/3 on January 31, 2027, and 1/3 on January 31, 2028, contingent upon continuous service.
- Shannon also disposed of 45,389 common stock shares.
Sentiment
Score: 5
Explanation: This is a neutral report on insider transactions. The acquisition of RSUs is generally seen as a positive sign, aligning management's interests with shareholders, but the disposal of common stock is a negative sign.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- Shareholders may view the RSU grant as a positive incentive for the CFO.
- The disposal of common stock may be viewed negatively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: acquisition of RSUs and disposal of common stock. |
| 04/15/2026 | First vesting date for 1/3 of the RSUs. |
| 01/31/2027 | Second vesting date for 1/3 of the RSUs. |
| 01/31/2028 | Final vesting date for 1/3 of the RSUs. |
| 04/17/2025 | Date of report submission. |
Keywords
Lakeland Industries, Roger D. Shannon, CFO, restricted stock units, RSUs, common stock, beneficial ownership, Form 4, insider trading
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