Glavin Martin G 4

What Happened

• Martin G. Glavin, a director of Lakeland Industries, received equity awards on 2026-05-06 consisting of 7,009 restricted shares and 2,103 restricted stock units (RSUs). The Form 4 reports acquisition code A and lists $0.00 per share on the form, while the company notes a per-share value of $9.63 (closing price on the grant date), implying an aggregate grant value of roughly $87,750. The restricted stock and RSUs vest on the first anniversary of the grant date, subject to continued service (and in the case of the restricted stock, not being terminated for cause).

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (timely).
• Reported on Form 4 as grants (code A); Form price shown as $0.00, company footnote values shares at $9.63 each.
• Shares/units granted: 7,009 restricted shares + 2,103 RSUs = 9,112 total.
• Approximate grant value at $9.63/share: ~$87,750.
• Shares/RSUs vest on the first anniversary of the grant, contingent on continued service; RSUs convert to one share each upon settlement.
• Shares owned after the transaction: not specified in the provided filing.

Context

• These grants are compensation (retainer converted to equity plus a 30% RSU premium) rather than open-market purchases or sales, so they reflect compensation policy rather than an immediate market bet. The RSUs are a contingent right to receive shares at vesting; they are not immediately tradable.