Form 4: Lakeland Industries CFO Roger D. Shannon Reports Stock Grant

Roger D. Shannon, CFO of Lakeland Industries, reports the acquisition of 5,000 restricted stock units (RSUs) on October 31, 2024.

Summary

• On October 31, 2024, Roger D. Shannon, the Chief Financial Officer of Lakeland Industries, acquired 5,000 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Lakeland Industries common stock for each RSU.
• The RSUs will vest in full on the first anniversary of the grant date, provided Shannon remains in continuous service through that date.
• Following this transaction, Shannon directly owns 35,839 shares of Lakeland Industries common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation matter, which is generally neutral to positive as it incentivizes management. There are no indications of negative performance or concerns.

Positives

• The grant of RSUs aligns the CFO's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.

Future Outlook

The RSUs vest on the first anniversary of the grant date, contingent upon continuous service.

Industry Context

This is a standard practice for publicly traded companies to grant stock options or RSUs to executives as part of their compensation packages to align their interests with shareholders.

Comparison to Industry Standards

• Stock grants and RSU awards are common compensation practices among publicly traded companies to incentivize executives.
• The vesting schedule of one year is fairly standard, aligning with typical industry practices for executive compensation.

Stakeholder Impact

• The RSU grant aligns the CFO's interests with those of shareholders, potentially leading to better company performance.

Key Dates