Form 4: Lakeland Industries CFO Sells Shares for Tax Obligations
Insider Transaction Report
Lakeland Industries CFO Roger D. Shannon disposed of 1,468 shares of common stock to cover tax withholding obligations.
Summary
- Roger D. Shannon, Chief Financial Officer of Lakeland Industries Inc. (LAKE), reported a disposition of common stock.
- The transaction involved the sale of 1,468 shares of common stock on October 31, 2025.
- The shares were disposed of at a price of $16.46 per share.
- This disposition was made to satisfy tax withholding obligations.
- Following this transaction, Mr. Shannon beneficially owns 44,895 shares of common stock, which includes 271 shares held in an employee stock purchase plan account.
- The transaction was made pursuant to a Rule 10b5-1(c) plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider stock transaction, specifically a disposition to cover tax obligations. Such transactions are common across all industries for executives receiving equity compensation and do not typically reflect broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan designed to comply with insider trading regulations. | 10/31/2025 | This demonstrates adherence to corporate governance best practices by utilizing a pre-scheduled trading plan to avoid accusations of trading on material non-public information. |
Stakeholder Impact
- Shareholders: The disposition of shares by a CFO for tax purposes is a routine event and is unlikely to have a significant impact on shareholder sentiment or the company's operational performance.
Key Dates
| Date | Description |
|---|---|
| 10/31/2025 | Date of transaction where 1,468 shares were disposed of. |
| 11/04/2025 | Date the Form 4 was signed by Roger D. Shannon. |
Keywords
Lakeland Industries, LAKE, Form 4, Insider Transaction, Stock Sale, CFO, Roger D. Shannon, Tax Withholding, Rule 10b5-1
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