Lands' End (LE) CEO receives 125,103 RSUs and covers taxes with shares

Rhea-AI Filing Summary

LANDS' END, INC. Chief Executive Officer Andrew J. McLean reported a mix of equity compensation and related tax withholding. On March 23, 2026, he received a grant of 125,103 Restricted Stock Units (RSUs), each representing one share of common stock upon vesting. These time-based RSUs are scheduled to vest in three annual installments on March 23, 2027 (25%), March 23, 2028 (25%) and March 23, 2029 (50%), subject to continued service.

On March 24, 2026, McLean exercised 26,984 RSUs into the same number of common shares and had 12,683 common shares withheld by the company at $12.56 per share to cover tax obligations from RSU vesting. After these transactions, he directly held 222,637 shares of common stock and 346,671 RSUs outstanding, reflecting a largely compensatory, routine adjustment to his equity stake.

Insider Trade Summary

Net Buyer: 14,301 shares

Net Buy 4 txns

Insider McLean Andrew J.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	26,984	$0.00	$0.00
Exercise	Common Stock	26,984	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	12,683	$12.56	$159K
Grant/Award	Restricted Stock Units	125,103	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 346,671 shares (Direct); Common Stock — 222,637 shares (Direct)

Footnotes (5)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
2. F2. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
3. F3. These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 23, 2027 (25%), March 23, 2028 (25%) and March 23, 2029 (50%).
4. F4. This RSU award was granted on March 24, 2025, with vesting in three installments on March 24, 2026 (25%), March 24, 2027 (25%) and March 24, 2028 (50%).
5. F5. Of the total number of RSUs, 73,770 RSUs will vest on June 14, 2026; 22,281 RSUs will vest on April 1, 2026 and 44,562 RSUs will vest on April 1, 2027; 26,985 will vest on March 24, 2027 and 53,970 will vest on March 24, 2028; and 31,275 will vest on March 23, 2027, 31,276 will vest on March 23, 2028 and 62,552 will vest on March 23, 2029; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/25/2026 - 04:27 PM Learn about SEC filing dates

FAQ

What did LANDS' END (LE) CEO Andrew J. McLean report in this Form 4?

Andrew J. McLean reported new equity compensation and related tax withholding. He received 125,103 Restricted Stock Units and exercised 26,984 RSUs into common stock, with a portion of shares withheld to satisfy tax obligations tied to vesting.

How many Restricted Stock Units did the LANDS' END (LE) CEO receive?

He received 125,103 Restricted Stock Units. Each RSU represents a contingent right to one share of common stock, subject to vesting conditions. This grant increases his future potential share ownership as the units vest over several years of continued service.

What is the vesting schedule for Andrew J. McLean’s new RSUs at LANDS' END (LE)?

The 125,103 time-based RSUs vest in three annual installments: 25% on March 23, 2027, 25% on March 23, 2028, and 50% on March 23, 2029. Vesting requires satisfying conditions, including maintaining a continuous business relationship with the company.

How many LANDS' END (LE) shares were used to cover the CEO’s tax obligations?

A total of 12,683 common shares were withheld by the issuer at $12.56 per share. This withholding covered Andrew J. McLean’s tax obligations arising from the vesting of Restricted Stock Units, and is not an open-market sale transaction.

What are Andrew J. McLean’s post-transaction holdings in LANDS' END (LE)?

After the reported transactions, he directly held 222,637 shares of common stock and 346,671 Restricted Stock Units. The RSUs represent additional potential shares he may receive in the future as vesting conditions are satisfied over the disclosed schedule.

Did the LANDS' END (LE) CEO sell any shares on the open market in this Form 4?

No open-market sales were reported. Shares classified under code F, totaling 12,683, were withheld by the issuer to satisfy tax obligations from RSU vesting, which is distinct from discretionary selling in the public market.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McLean Andrew J.

(Last) (First) (Middle)

5 LANDS' END LANE

(Street)

DODGEVILLE WISCONSIN 53595

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LANDS' END, INC. [ LE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/24/2026		M		26,984	A	$0(1)	235,320	D
Common Stock	03/24/2026		F		12,683(2)	D	$12.56	222,637	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/23/2026		A		125,103		(3)	(3)	Common Stock	125,103	$0	373,655	D
Restricted Stock Units	$0(1)	03/24/2026		M			26,984	(4)	(4)	Common Stock	26,984	$0	346,671(5)	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.

2. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.

3. These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 23, 2027 (25%), March 23, 2028 (25%) and March 23, 2029 (50%).

4. This RSU award was granted on March 24, 2025, with vesting in three installments on March 24, 2026 (25%), March 24, 2027 (25%) and March 24, 2028 (50%).

5. Of the total number of RSUs, 73,770 RSUs will vest on June 14, 2026; 22,281 RSUs will vest on April 1, 2026 and 44,562 RSUs will vest on April 1, 2027; 26,985 will vest on March 24, 2027 and 53,970 will vest on March 24, 2028; and 31,275 will vest on March 23, 2027, 31,276 will vest on March 23, 2028 and 62,552 will vest on March 23, 2029; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.

	/s/ Peter L. Gray as attorney-in-fact for Andrew J. McLean	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)