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Lands' End (LE) executive reports RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LANDS' END, INC. executive Kym Maas reported routine equity compensation activity involving Restricted Stock Units and common stock. Maas exercised RSUs to acquire 11,124 shares of common stock, with no cash exercise price. To cover tax obligations from this vesting, 3,903 common shares were withheld by the issuer as a tax-withholding disposition, not an open-market sale.

After these transactions, Maas directly holds 35,706 shares of common stock and 62,505 RSUs, which represent rights to receive common shares as vesting conditions are met. The RSU awards include a multi-year vesting schedule through 2029, contingent on continued service.

Positive

  • None.

Negative

  • None.
Insider Maas Kym
Role President, LE Consumer & CCO
Type Security Shares Price Value
Exercise Restricted Stock Units 11,124 $0.00 --
Exercise Common Stock 11,124 $0.00 --
Tax Withholding Common Stock 3,903 $12.41 $48K
Holdings After Transaction: Restricted Stock Units — 62,505 shares (Direct, null); Common Stock — 39,609 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs. This RSU award was granted on June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%). Of the total number of RSUs, 7,515 shares will vest on April 1, 2027; 5,152 shares will vest on March 24, 2027 and 10,303 shares will vest on March 24, 2028; 6,596 shares will vest on March 23, 2027, 6,596 shares will vest on March 23, 2028 and 13,193 shares will vest on March 23, 2029; and 6,575 shares will vest on April 1, 2027 and 6,575 shares will vest on December 31, 2027, subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship through the applicable vesting date.
RSUs exercised 11,124 shares Common stock received from RSU exercise on June 14, 2026
Shares withheld for tax 3,903 shares at $12.41/share Common stock withheld to satisfy tax obligations on June 14, 2026
Common stock held after transaction 35,706 shares Direct common stock holdings following reported transactions
RSUs held after transaction 62,505 units Restricted Stock Units outstanding following reported transactions
Tax-withholding shares count 3,903 shares Shares used to cover tax liability from RSU vesting
Derivative exercises 11,124 shares Exercise or conversion of derivative security as summarized in filing
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligation financial
"Shares withheld by the issuer to satisfy reporting person's tax withholding obligation"
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
vesting conditions financial
"subject in each case to the satisfaction of vesting conditions"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Maas Kym
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
President, LE Consumer & CCO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/14/2026M11,124A$0(1)39,609D
Common Stock06/14/2026F3,903(2)D$12.4135,706D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)06/14/2026M11,124 (3) (3)Common Stock11,124$062,505(4)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. This RSU award was granted on June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
4. Of the total number of RSUs, 7,515 shares will vest on April 1, 2027; 5,152 shares will vest on March 24, 2027 and 10,303 shares will vest on March 24, 2028; 6,596 shares will vest on March 23, 2027, 6,596 shares will vest on March 23, 2028 and 13,193 shares will vest on March 23, 2029; and 6,575 shares will vest on April 1, 2027 and 6,575 shares will vest on December 31, 2027, subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship through the applicable vesting date.
/s/ Peter L. Gray as attorney-in-fact for Kym Maas06/16/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LE executive Kym Maas report on this Form 4?

Kym Maas reported the vesting and exercise of 11,124 Restricted Stock Units into common stock and the withholding of 3,903 common shares to cover tax obligations. These moves reflect routine equity compensation events rather than discretionary open-market buying or selling of LANDS' END, INC. shares.

Did Kym Maas buy or sell LANDS' END (LE) shares in the open market?

The filing shows no open-market purchases or sales. Shares were acquired through RSU vesting and derivative exercise, while 3,903 shares of common stock were withheld by the issuer solely to satisfy tax obligations arising from the vesting of equity awards, not from market trades.

How many LANDS' END (LE) shares does Kym Maas hold after these transactions?

Following the reported transactions, Kym Maas directly holds 35,706 shares of LANDS' END common stock. In addition, Maas holds 62,505 Restricted Stock Units, representing contingent rights to receive an equal number of shares as vesting conditions are satisfied over future service periods.

What are the key details of the RSU vesting schedule disclosed for LE executive Kym Maas?

The RSUs were granted in multiple awards with staggered vesting dates through 2029. Specific tranches vest on various dates such as March 23, March 24, April 1, and December 31 in future years, all subject to continuous service and satisfaction of vesting conditions specified in the awards.

Why were 3,903 LANDS' END (LE) shares withheld from Kym Maas in this Form 4?

The 3,903 common shares were withheld by LANDS' END to satisfy Kym Maas’s tax withholding obligation triggered by RSU vesting. This tax-withholding disposition is a standard administrative mechanism and does not represent a discretionary sale of shares into the public market.

How does this Form 4 characterize the nature of Kym Maas’s equity transactions in LE stock?

The activity is characterized as a derivative exercise and tax-withholding disposition. RSUs converted into 11,124 shares of common stock, while 3,903 shares were withheld for taxes. The filing shows compensation-related equity movements rather than traditional buy or sell transactions in the open market.