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Lands' End (LE) CTO granted 24,599 RSUs and withholds shares for taxes

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

Rhea-AI Filing Summary

Lands' End EVP and Chief Technology Officer Christopher Martin reported compensation-related equity activity. On March 23, 2026, he received a grant of 24,599 Restricted Stock Units (RSUs), each representing one share of common stock upon future vesting. These RSUs 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, 5,151 RSUs were exercised into 5,151 shares of common stock. To cover tax obligations from this vesting, 1,649 shares of common stock were withheld by Lands' End at a value of $12.56 per share, leaving Martin with 6,974 common shares held directly. After these transactions, he also holds 55,372 RSUs that remain subject to future vesting conditions.

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Insider Christopher Martin D.
Role EVP, Chief Technology Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 5,151 $0.00 --
Exercise Common Stock 5,151 $0.00 --
Tax Withholding Common Stock 1,649 $12.56 $21K
Grant/Award Restricted Stock Units 24,599 $0.00 --
Holdings After Transaction: Restricted Stock Units — 55,372 shares (Direct); Common Stock — 8,623 shares (Direct)
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. 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%). 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%). Of the total number of RSUs, 5,106 RSUs will vest on April 1, 2026, and 10,212 RSUs will vest on April 1, 2027; 5,152 will vest on March 24, 2027 and 10,303 will vest on March 24, 2028; and 6,149 will vest on March 23, 2027, 6,150 will vest on March 23, 2028 and 12,300 will vest on March 23, 2029; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.
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*
Christopher Martin D.

(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)
EVP, Chief Technology 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)
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 Stock03/24/2026M5,151A$0(1)8,623D
Common Stock03/24/2026F1,649(2)D$12.566,974D
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)03/23/2026A24,599 (3) (3)Common Stock24,599$060,523D
Restricted Stock Units$0(1)03/24/2026M5,151 (4) (4)Common Stock5,151$055,372(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, 5,106 RSUs will vest on April 1, 2026, and 10,212 RSUs will vest on April 1, 2027; 5,152 will vest on March 24, 2027 and 10,303 will vest on March 24, 2028; and 6,149 will vest on March 23, 2027, 6,150 will vest on March 23, 2028 and 12,300 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 Martin Christopher03/25/2026
** 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)

FAQ

What equity awards did Lands' End (LE) CTO Christopher Martin receive?

Christopher Martin received a grant of 24,599 Restricted Stock Units, each tied to one share of Lands' End common stock. These RSUs vest over three years, contingent on continued employment and other vesting conditions described in the award terms.

How do the new RSUs for LE’s CTO vest over time?

The 24,599 RSUs vest in three installments: 25% on March 23, 2027, 25% on March 23, 2028 and 50% on March 23, 2029, assuming vesting conditions, including a continuous business relationship, are met.

What RSU vesting and share issuance occurred for LE on March 24, 2026?

On March 24, 2026, 5,151 RSUs held by Christopher Martin vested and were converted into 5,151 shares of common stock. This reflects a derivative exercise/conversion of previously granted RSUs into outright share ownership.

Why were 1,649 Lands' End shares disposed of in this Form 4?

The 1,649 shares shown as a disposition were withheld by Lands' End to satisfy Christopher Martin’s tax withholding obligations from RSU vesting. This F-code transaction is not an open-market sale but a tax payment mechanism.

What are Christopher Martin’s Lands' End share and RSU holdings after these transactions?

Following the reported transactions, Christopher Martin holds 6,974 shares of common stock directly. He also holds 55,372 Restricted Stock Units, which may convert into additional shares in future years if the stated vesting conditions are satisfied.

Are the Lands' End Form 4 transactions open-market buys or sells?

The Form 4 reports no open-market purchases or sales. Activity consists of an RSU grant, an RSU vesting and conversion into shares, and a tax-withholding share disposition where shares were withheld by the issuer rather than sold on the market.