Lands’ End (Nasdaq: LE) reported inducement equity grants to new Chief Executive Officer Charlie Cole, effective July 13, 2026, under Nasdaq Listing Rule 5635(c)(4). The awards, issued outside shareholder-approved plans, include 109,361 restricted stock units and options for up to 166,018 shares at $11.43 per share, vesting 25%, 25% and 50% on the first three anniversaries of his start date, subject to vesting conditions.
CEO inducement grant of 109,361 restricted stock units
Stock options to purchase up to 166,018 shares at $11.43
Multi-year vesting over three years supports leadership retention
Negative
Potential issuance of up to 275,379 new shares if all awards settle
Grants made outside a shareholder-approved equity plan framework
Market Context
The filing details CEO Charlie Cole’s inducement awards of 109,361 RSUs and 166,018 options at $11.4...
Analysis
The filing details CEO Charlie Cole’s inducement awards of 109,361 RSUs and 166,018 options at $11.43, vesting over three years. Investors may weigh alignment of incentives against potential dilution, especially given recent leadership transition volatility and moderate short positioning.
Key Figures
RSU sign-on grant:109,361 unitsStock options sign-on:166,018 optionsOption exercise price:$11.43 per share+4 more
7 metrics
RSU sign-on grant109,361 unitsInducement restricted stock units for new CEO Charlie Cole
Stock options sign-on166,018 optionsInducement stock options for CEO Charlie Cole
Option exercise price$11.43 per shareExercise price of inducement options granted July 13, 2026
Vesting year 125%First anniversary vesting portion of inducement RSUs and options
Vesting year 225%Second anniversary vesting portion of inducement RSUs and options
Vesting year 350%Third anniversary vesting portion of inducement RSUs and options
Grant dateJuly 13, 2026Inducement equity grants effective on CEO start date
Completion of WHP Global joint venture and debt repayment using $300 million proceeds.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent news often sees mixed reactions, with strategic and leadership updates sometimes drawing negative moves despite supportive balance sheet and capital return actions.
"Lands’ End Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)"
NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.
restricted stock unitsfinancial
"inducement sign-on grant of 109,361 restricted stock units, payable in the form"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
exercise pricefinancial
"options to purchase up to 166,018 shares of Common Stock at an exercise price equal"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
form 8-kregulatory
"previously described in a Current Report on Form 8-K filed by Lands’ End"
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.
DODGEVILLE, Wis., July 13, 2026 (GLOBE NEWSWIRE) -- Lands’ End, Inc. (Nasdaq: LE) today reported that it made the following inducement grants to Charlie Cole on July 13, 2026, in connection with his commencement of employment and appointment as Chief Executive Officer.The grants were not made under a shareholder approved equity plan and were previously described in a Current Report on Form 8-K filed by Lands’ End with the Securities and Exchange Commission on June 30, 2026.
Mr. Cole’s inducement grants consist of an inducement sign-on grant of 109,361 restricted stock units, payable in the form of shares of Lands’ End, Inc. common stock (“Common Stock”), and an inducement sign-on grant of options to purchase up to 166,018 shares of Common Stock at an exercise price equal to $11.43 per share, which in each case will vest 25%, 25% and 50% per year, on, respectively, the first three anniversaries of Mr. Cole’s July 13, 2026 start date, subject to his satisfaction of vesting conditions.
About Lands’ End, Inc.
Lands’ End, Inc. (NASDAQ:LE) is a leading digital retailer of solution-based apparel, swimwear, outerwear, accessories, footwear, home products and uniforms. Lands’ End offers products online at www.landsend.com, through third-party distribution channels and our own Company Operated stores. Lands’ End also offers products to businesses and schools, for their employees and students, through the Outfitters distribution channel. Lands’ End is a classic American lifestyle brand that creates solutions for life’s every journey.
CONTACTS
Lands’ End, Inc. Bernard McCracken Chief Financial Officer (608) 935-4100
Investor Relations: ICR, Inc. Tom Filandro (646) 277-1235 Tom.Filandro@icrinc.com
FAQ
What inducement equity grants did Lands’ End (LE) give CEO Charlie Cole in July 2026?
Lands’ End granted Charlie Cole 109,361 restricted stock units and options for up to 166,018 shares. According to Lands’ End, both awards were made as employment inducements in connection with his appointment as Chief Executive Officer on July 13, 2026.
At what exercise price were Charlie Cole’s Lands’ End (LE) stock options granted?
Charlie Cole’s options were granted with an exercise price of $11.43 per share. According to Lands’ End, these options cover up to 166,018 shares of common stock and were issued as part of his inducement compensation package upon becoming Chief Executive Officer.
How do Charlie Cole’s inducement RSUs and options vest at Lands’ End (LE)?
Both the RSUs and options vest 25%, 25%, and 50% on the first three anniversaries of July 13, 2026. According to Lands’ End, vesting is subject to Cole’s satisfaction of applicable vesting conditions tied to continued employment.
Were Charlie Cole’s inducement grants made under a Lands’ End (LE) shareholder-approved plan?
No, the inducement grants were not made under a shareholder-approved equity plan. According to Lands’ End, they were issued as standalone inducement awards consistent with Nasdaq Listing Rule 5635(c)(4) in connection with Cole’s commencement of employment.
Why did Lands’ End (LE) disclose Charlie Cole’s inducement grants under Nasdaq Listing Rule 5635(c)(4)?
The company disclosed the grants because they are inducement awards issued outside a shareholder-approved plan. According to Lands’ End, Nasdaq Listing Rule 5635(c)(4) requires public disclosure of such grants made in connection with the hiring of an executive officer.
What is the potential share impact of Charlie Cole’s inducement awards at Lands’ End (LE)?
The inducement package includes 109,361 RSUs and options for up to 166,018 shares. According to Lands’ End, these equity awards, if vested and exercised or settled, would result in additional shares of common stock being issued over time.
