Lands' End (NYSE: LE) executive reports major RSU grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LANDS' END, INC. executive Kym Maas reported equity compensation activity and related tax withholding. On March 23, 2026, Maas received a grant of 26,385 Restricted Stock Units (RSUs), each representing one share of common stock upon vesting. On March 24, 2026, 5,151 RSUs were converted into an equal number of common shares, and 1,807 shares of common stock were withheld by the company at $12.56 per share to cover tax obligations tied to RSU vesting. After these transactions, Maas directly held 18,949 shares of common stock and 64,237 RSUs, which are scheduled to vest in multiple installments between 2026 and 2029, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,151 shares exercised/converted
Mixed
4 txns
Insider
Maas Kym
Role
President, LE Consumer & CCO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,151 | $0.00 | -- |
| Exercise | Common Stock | 5,151 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,807 | $12.56 | $23K |
| Grant/Award | Restricted Stock Units | 26,385 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 64,237 shares (Direct);
Common Stock — 20,756 shares (Direct)
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, 11,124 RSUs will vest on June 14, 2026; 3,758 RSUs will vest on April 1, 2026 and 7,515 RSUs will vest on April 1, 2027; 5,152 RSUs will vest on March 24, 2027 and 10,303 RSUs will vest on March 24, 2028; and 6,596 will vest on March 23, 2027, 6,596 will vest on March 23, 2028 and 13,193 will vest on March 23, 2029; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.
FAQ
What equity compensation did Kym Maas report in Lands' End (LE) Form 4?
Kym Maas reported receiving a grant of 26,385 Restricted Stock Units (RSUs). Each RSU represents a right to receive one share of Lands' End common stock when vesting conditions, including continuous service, are satisfied over several future dates.
What are Kym Maas’s reported holdings in Lands' End (LE) after these transactions?
Following the reported transactions, Kym Maas directly held 18,949 shares of common stock and 64,237 RSUs. The RSUs represent additional potential shares that may be delivered if the specified vesting and continuous service conditions are met.
Over what period will Kym Maas’s Lands' End (LE) RSUs vest?
The filing states that Maas’s RSUs will vest in multiple installments between 2026 and 2029. Vesting is time-based and depends on satisfying conditions such as maintaining a continuous business relationship with Lands' End.
Does this Lands' End (LE) Form 4 show open-market buying or selling by Kym Maas?
The transactions reflect RSU grants, conversions, and tax withholding, not open-market purchases or sales. Shares withheld under code F were used to cover tax obligations from RSU vesting rather than discretionary selling in the market.
What does transaction code F mean in the Lands' End (LE) Form 4 for Kym Maas?
Transaction code F in this Form 4 indicates shares withheld to pay taxes. Specifically, 1,807 common shares were retained by Lands' End to satisfy Maas’s tax liability arising from the vesting of previously granted RSUs.