Form 4: Lakeland Industries Chief Revenue Officer Receives Restricted Stock Units
SEC Form 4 Filing
Barry G. Phillips, Chief Revenue Officer Fire at Lakeland Industries, was granted 4,308 restricted stock units.
Summary
- Barry G. Phillips, Chief Revenue Officer Fire at Lakeland Industries, received 4,308 restricted stock units on April 15, 2025.
- 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 through each vesting date.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. It's a neutral to slightly positive indicator.
Positives
- The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing continued service and performance.
Risks
- The vesting of the RSUs is contingent upon continued service, meaning Mr. Phillips must remain employed by Lakeland Industries to receive the full benefit.
Industry Context
Granting stock-based compensation is a common practice in publicly traded companies to align executive incentives with shareholder value and encourage long-term commitment.
Comparison to Industry Standards
- Stock grants are a typical component of executive compensation packages in publicly traded companies like Lakeland Industries.
- Comparable companies in the protective clothing and equipment industry, such as MSA Safety Incorporated and National Safety Apparel, also utilize stock options and restricted stock units as part of their executive compensation plans.
- The vesting schedules and amounts of these grants are generally benchmarked against industry standards and individual performance.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it incentivizes the executive to focus on long-term value creation.
- Employees may see this as a positive sign of investment in leadership.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: Grant of restricted stock units |
| 04/15/2026 | First vesting date: 1/3 of RSUs vest |
| 01/31/2027 | Second vesting date: 1/3 of RSUs vest |
| 01/31/2028 | Third vesting date: 1/3 of RSUs vest |
| 04/17/2025 | Date of Form 4 filing |
Keywords
restricted stock units, RSUs, Lakeland Industries, executive compensation, beneficial ownership, Form 4, Barry G. Phillips
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