Schlarbaum Jeffrey T 4

What Happened
Jeffrey T. Schlarbaum, a director of Lakeland Industries, received a grant of 7,553 restricted stock units (RSUs) on 2026-06-16. Earlier, on 2026-06-12, 3,156 shares were disposed (withheld) to satisfy tax withholding obligations at a price of $10.98 per share, generating proceeds of $34,653. The RSU grant is reported as an acquisition (award), but the RSUs are contingent and not immediately issued as common stock.

Key Details

• Transactions:
  • 2026-06-12: 3,156 shares withheld for taxes (Code F) at $10.98/share — proceeds $34,653 (disposed).
  • 2026-06-16: 7,553 RSUs granted (Code A) at $0.00 reported value (award/acquisition).
• Shares owned after the transactions: Not specified in the filing excerpt.
• Footnote: The RSUs represent a contingent right to one share per RSU and vest on the first anniversary of the grant date, provided the reporting person remains in continuous service through the vesting date.
• Timeliness: The Form 4 was filed on 2026-06-16 for transactions dated 2026-06-12 and 2026-06-16; this filing appears to be timely under the two-business-day reporting rule.

Context
RSU grants are a common form of compensation for executives and directors; they are not immediate purchases of stock and only convert to shares if and when they vest. The June 12 disposition was a tax-withholding action (routine) rather than an open-market sale.