Lands' End (LE) executive gets 11,791-share award, 4,398 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LANDS' END, INC. executive Kym Maas, President, LE Consumer & CCO, reported equity compensation activity. Maas acquired 11,791 shares of common stock at no cost upon determination that performance criteria for performance-based RSUs granted on June 14, 2023 had been met. The company withheld 4,398 shares at $16.24 per share to cover tax obligations related to the RSU vesting, leaving Maas with 15,605 shares of common stock held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Maas Kym
Role
President, LE Consumer & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,791 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,398 | $16.24 | $71K |
Holdings After Transaction:
Common Stock — 20,003 shares (Direct)
Footnotes (1)
- Shares issued upon determination that performance criteria, related to performance-based RSUs awarded on June 14, 2023, had been met. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
FAQ
What insider transactions did Lands' End (LE) report for Kym Maas?
Lands' End reported that executive Kym Maas received 11,791 shares of common stock from performance-based RSUs and had 4,398 shares withheld to cover taxes, resulting in 15,605 shares owned directly afterward.
Was the Lands' End (LE) Form 4 transaction an open-market sale?
The Form 4 does not show an open-market sale. Instead, 4,398 shares were disposed of as a tax-withholding transaction, where shares were withheld by Lands' End to satisfy Kym Maas’s tax obligations on vested RSUs.