Form 4: Lakeland Industries Director Thomas McAteer Increases Stake Through RSU Grants

Lakeland Industries Inc. Director Thomas J. McAteer has acquired 9,845 shares of common stock through Restricted Stock Unit (RSU) grants, increasing his total beneficial ownership to 69,401 shares.

Summary

• Thomas J. McAteer, a Director of Lakeland Industries Inc. (LAKE), acquired a total of 9,845 shares of Common Stock through Restricted Stock Unit (RSU) grants on June 12, 2025.
• The acquisitions were made in three separate grants: 4,889 shares, 3,000 shares, and 1,956 shares.
• These RSUs were granted at a price of $0.00 per share, indicating they are part of a compensation package.
• Following these transactions, Mr. McAteer's direct beneficial ownership of Lakeland Industries Common Stock increased to 69,401 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 Mr. McAteer remains in continuous service through the vesting date.

Sentiment

Score: 6

Explanation: Slightly positive as it indicates increased alignment of interests between a director and shareholders through equity ownership, which is a standard compensation practice.

Positives

• The acquisition of additional shares by a director, even through grants, increases their personal stake in the company, which can align their interests more closely with those of shareholders.
• The RSU grants are a form of equity compensation, which is a common practice to incentivize and retain key personnel.

Risks

• The vesting of the Restricted Stock Units is contingent upon the reporting person remaining in continuous service through the vesting date, meaning the shares are not immediately owned and could be forfeited if service ceases.

Future Outlook

The granted Restricted Stock Units are expected to vest on the first anniversary of the grant date, contingent upon the director's continuous service to the company.

Industry Context

This filing is a standard disclosure of an insider transaction, specifically an equity grant to a director, which is a common practice across various industries for executive and board member compensation. It does not provide broader industry trends or competitive analysis.

Corporate Governance

Related Party Transactions

• Grant of 9,845 Restricted Stock Units to Director Thomas J. McAteer as part of his compensation package.

Stakeholder Impact

• Shareholders: Increased alignment of interests between Director Thomas J. McAteer and shareholders due to increased equity ownership, potentially fostering long-term value creation.

Next Steps

• The granted Restricted Stock Units will vest on their first anniversary, contingent on continuous service.

Key Dates

Keywords

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