Jenkins James M. 4

What Happened

• James M. Jenkins, President, CEO and Executive Chair of Lakeland Industries (LAKE), was granted 23,619 restricted stock units (RSUs) on 2026-05-27. The reported acquisition price is $0.00 (award/grant), so no cash was paid. RSUs are a contingent right to receive one share per RSU upon vesting and are a form of compensation rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-27; Award (code A) of 23,619 RSUs at $0.00.
• Vesting schedule (footnote): 1/3 vests on the first anniversary of the grant (approx. 2027-05-27), 1/3 on January 31, 2028, and 1/3 on January 31, 2029, subject to continued service through each vesting date.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Report filed 2026-05-29 for a 2026-05-27 transaction — appears timely (Form 4 is typically due within two business days).
• Correction note (footnote): The filing corrects a prior Form 4 (filed 2025-12-19) that had inadvertently attributed an open-market purchase of 1,265 shares to Jenkins’ direct holdings instead of indirect holdings by his spouse.

Context

• RSUs are compensation awards that convert to shares only if vesting conditions are met; they require no immediate cash outlay and do not represent an immediate market purchase or sale. Such grants are commonly used for retention and alignment with shareholders, but do not by themselves indicate insider buying or selling intent.