Form 4: Lakeland Industries Director McAteer Receives Restricted Stock Units

Director Thomas J. McAteer of Lakeland Industries received 2,842 restricted stock units on June 13, 2024.

Summary

• Thomas J. McAteer, a director of Lakeland Industries Inc., filed a Form 4 on June 17, 2024, reporting a transaction.
• On June 13, 2024, McAteer acquired 2,842 shares of common stock in the form of restricted stock units (RSUs).
• The RSUs were granted at a price of $0.00 per share.
• These RSUs vest on the first anniversary of the grant date, contingent upon continuous service.
• Following the transaction, McAteer beneficially owns 61,747 shares of Lakeland Industries Inc. common stock directly.
• McAteer has granted power of attorney to James M. Jenkins, Roger D. Shannon, and Hui An to file forms on his behalf.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of stock grants to a director. The grant itself is a positive sign, but the filing is routine.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders, incentivizing them to work towards the company's success.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of shareholders.

Key Dates