Lands' End (LE) CTO granted 24,599 RSUs and withholds shares for taxes
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | -- |
Footnotes (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.