Form 4: Lakeland Industries Director Reports Acquisition of Restricted Stock Units and Subsequent Share Disposition

Jeffrey T. Schlarbaum, a Director at Lakeland Industries Inc., reported the acquisition of 7,889 restricted stock units (RSUs) and the disposition of 1,137 shares for tax purposes.

Summary

• Jeffrey T. Schlarbaum, a Director of Lakeland Industries Inc. (LAKE), filed a Form 4 detailing recent changes in his beneficial ownership.
• On June 12, 2025, Mr. Schlarbaum acquired 4,889 shares of Common Stock at a price of $0.00, representing a grant of restricted stock units (RSUs).
• On the same day, June 12, 2025, he acquired an additional 3,000 shares of Common Stock at a price of $0.00, also representing a grant of RSUs.
• Following these acquisitions, his direct beneficial ownership increased to 27,916 shares.
• On June 13, 2025, Mr. Schlarbaum disposed of 1,137 shares of Common Stock at a price of $13.92 per share.
• This disposition was likely for tax withholding purposes related to the RSU grants, indicated by the transaction code 'F'.
• After all reported transactions, Mr. Schlarbaum's direct beneficial ownership stands at 26,779 shares.
• The RSUs represent a contingent right to receive one share of Common Stock for each RSU and are set to vest on the first anniversary of the grant date, provided continuous service.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing detailing insider stock transactions. The RSU grants are a positive for aligning director interests, while the disposition is a standard tax-related event. Overall, it's neutral in terms of market sentiment.

Positives

• A Director, Jeffrey T. Schlarbaum, received a grant of 7,889 restricted stock units (RSUs), indicating continued alignment of management incentives with shareholder interests.
• The RSU grants were at a price of $0.00, representing a form of equity compensation.

Negatives

• A disposition of 1,137 shares occurred at $13.92, likely for tax withholding purposes, which reduces the director's direct shareholding.

Future Outlook

The acquired restricted stock units (RSUs) are contingent rights to receive shares and are scheduled to vest on the first anniversary of the grant date, provided the reporting person remains in continuous service through the vesting date.

Management Comments

• "The reporting person was granted restricted stock units ('RSUs'), which represent a contingent right to receive one share of Common Stock, par value $.01 per share, of the issuer for each RSU."
• "The RSUs vest on the first anniversary of the date of grant; provided, that the reporting person remains in continuous service through the vesting date."

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects standard equity compensation practices for directors, aligning their interests with long-term company performance.

Related Party Transactions

• The grant of restricted stock units (RSUs) to Director Jeffrey T. Schlarbaum constitutes a related party transaction, as it involves the company providing equity compensation to an insider.

Stakeholder Impact

• Shareholders: The RSU grants align the director's interests with long-term shareholder value. The disposition for tax purposes is a minor, routine event.
• Employees: No direct impact on general employees is indicated by this filing.
• Management: The RSU grants are part of the compensation structure for the director, incentivizing continued service and performance.

Next Steps

• The restricted stock units (RSUs) granted on June 12, 2025, are expected to vest on their first anniversary, contingent on continuous service.

Key Dates

Keywords

SEC Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, RSU, Equity Compensation, Director Stock Ownership, Lakeland Industries, LAKE, Stock Grant, Share Disposition