Lands' End (LE) director tenders 2,966 shares into $45 cash offer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LANDS' END, INC. director Robert Galvin reported selling a total of 2,966 shares of common stock at $45.00 per share on April 1, 2026. The sales included 2,548 directly held shares, 152 shares held by a SEP account, and 266 shares held by an IRA.
These transactions were made pursuant to a tender offer by LEWHP, LLC to purchase up to 2,222,222 outstanding Lands' End shares at $45.00 per share in cash. Following the transactions, Galvin continued to hold 30,979 shares directly, as well as additional indirect holdings in the SEP and IRA accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,966 shares ($133,470)
Net Sell
3 txns
Insider
Galvin Robert
Role
Director
Sold
2,966 shs ($133K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,548 | $45.00 | $115K |
| Sale | Common Stock | 266 | $45.00 | $12K |
| Sale | Common Stock | 152 | $45.00 | $7K |
Holdings After Transaction:
Common Stock — 30,979 shares (Direct);
Common Stock — 3,234 shares (Indirect, By IRA)
Footnotes (1)
- [object Object]
Key Figures
Total shares sold: 2,966 shares
Sale price: $45.00 per share
Direct shares sold: 2,548 shares
+4 more
7 metrics
Total shares sold
2,966 shares
Common stock sold on April 1, 2026
Sale price
$45.00 per share
Consideration for each tendered share
Direct shares sold
2,548 shares
Directly held common stock sold by Galvin
Direct shares after sale
30,979 shares
Direct ownership following transaction
SEP shares after sale
1,848 shares
Indirect holdings by SEP after tender
IRA shares after sale
3,234 shares
Indirect holdings by IRA after tender
Tender offer size
2,222,222 shares
Maximum Lands' End shares LEWHP, LLC offered to buy
Key Terms
tender offer, Offer to Purchase, Letter of Transmittal, SEP, +1 more
5 terms
tender offer financial
"Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary"
A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.
Offer to Purchase financial
"upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 26, 2026"
An offer to purchase is a formal proposal from one party to buy a specific amount of shares or assets from another party at a set price. It matters to investors because it signals interest in acquiring ownership and can influence the value or control of a company. Think of it as someone putting forward a clear, serious offer to buy something they find valuable.
Letter of Transmittal financial
"and the related Letter of Transmittal."
A letter of transmittal is a written form investors use when sending physical stock certificates or electronic ownership documents to a company or its agent to surrender shares, tender them in an offer, or claim payment or replacement securities. It acts like a packing slip that lists what is enclosed, gives instructions on how the transfer should be handled, and provides proof of the transaction—important for ensuring investors receive the correct payment or new securities without delay or dispute.
SEP financial
"nature_of_ownership: By SEP"
IRA financial
"nature_of_ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider transaction did Lands' End (LE) director Robert Galvin report?
Robert Galvin reported selling a total of 2,966 shares of Lands' End common stock. The shares were sold at $45.00 each on April 1, 2026, through a combination of direct holdings and shares held in SEP and IRA accounts.
How is the LEWHP, LLC tender offer connected to the Lands' End (LE) insider sales?
The filing states the shares were sold pursuant to a tender offer by LEWHP, LLC. This offer sought to purchase up to 2,222,222 outstanding Lands' End shares at $45.00 per share in cash, under the terms described in an Offer to Purchase document.