Form 4: Lakeland Industries CFO Roger D. Shannon Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Roger D. Shannon, CFO of Lakeland Industries, disposed of 776 shares of common stock on March 30, 2024, to cover tax obligations.
Summary
- On March 30, 2024, Roger D. Shannon, the Chief Financial Officer of Lakeland Industries Inc., disposed of 776 shares of common stock.
- The transaction was executed at a price of $17.82 per share.
- This disposal was likely to cover tax obligations related to equity compensation.
- Following the transaction, Shannon directly owns 8,953 shares of Lakeland Industries Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction for tax purposes and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/30/2024 | Date of transaction: Roger D. Shannon disposed of 776 shares of common stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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