Lands' End exec grants, RSUs vest and share sale
Lands' End, Inc. executive Kym Maas reported a mix of equity compensation events and a share sale.
Rhea-AI Filing Summary
Lands' End, Inc. executive Kym Maas reported a mix of equity compensation events and a share sale. On April 1, 2026, she acquired 3,758 shares of common stock through the vesting and conversion of Restricted Stock Units (RSUs) and received additional awards covering 13,150 RSUs and 13,150 shares of common stock as grants.
She sold 1,440 common shares at $45.00 per share into a cash tender offer by LEWHP, LLC and had 5,932 shares withheld at $11.56 per share to cover tax obligations tied to RSU vesting. Following these transactions, she directly held 28,485 common shares and 73,629 RSUs that will vest over several future dates subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Maas Kym
Role
President, LE Consumer & CCO
Sold
1,440 shs ($65K)
Approx. gross sale proceeds
$65K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,758 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 13,150 | $0.00 | $0.00 |
| Sale | Common Stock | 1,440 | $45.00 | $65K |
| Exercise | Common Stock | 3,758 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,319 | $11.56 | $15K |
| Grant/Award | Common Stock | 13,150 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,613 | $11.56 | $53K |
Holdings After Transaction:
Restricted Stock Units — 73,629 contracts (Direct);
Common Stock — 28,485 shares (Direct)
Footnotes (7)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
- F2. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
- F3. Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary of WH Topco, L.P., to purchase up to 2,222,222 of the outstanding shares of common stock of the Registrant, in exchange for $45.00 per share in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 26, 2026 (as amended), and the related Letter of Transmittal.
- F4. Shares issued upon the April 1, 2026 closing (the "Closing") of the Membership Interest Purchase Agreement by and among the Registrant, Lands' End Direct Merchants, Inc., WH Borrower, LLC, WH Topco, L.P., and LEWHP LLC, dated January 26, 2026, pursuant to the performance-based RSUs awarded on April 4, 2025, as modified March 5, 2026 (the "Retention Award"). Pursuant to the terms of the Retention Award, fifty percent (50%) of the Retention Award vested upon the Closing, twenty-five percent (25%) will vest upon the one-year anniversary of the Closing and twenty-five percent (25%) 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.
- F5. This RSU award was granted on April 1, 2024, with vesting in three installments on April 1, 2025 (25%), April 1, 2026 (25%) and April 1, 2027 (50%).
- F6. Pursuant to the terms of the Retention Award 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.
- F7. Of the total number of RSUs, 11,124 shares will vest on June 14, 2026; 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.
Key Figures
Shares sold: 1,440 shares at $45.00
RSUs converted: 3,758 RSUs
New RSU grant: 13,150 RSUs
+5 more
8 metrics
Shares sold
1,440 shares at $45.00
Open-market style sale into tender offer on April 1, 2026
RSUs converted
3,758 RSUs
Exercised/converted into common stock on April 1, 2026
New RSU grant
13,150 RSUs
Grant/award acquisition on April 1, 2026
New stock grant
13,150 shares
Common stock grant on April 1, 2026
Tax withholding shares
5,932 shares at $11.56
Shares delivered to cover RSU-related tax obligations
Common shares held
28,485 shares
Direct common stock holdings after transactions
RSUs outstanding
73,629 RSUs
Total RSUs held after transactions with future vesting dates
Net share direction
-1,440 shares
Net buy/sell shares reported as net-sell in summary
Key Terms
Restricted Stock Unit, tender offer, Membership Interest Purchase Agreement, Retention Award, +1 more
5 terms
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.
tender offer financial
"Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary"
A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.
Membership Interest Purchase Agreement financial
"Shares issued upon the April 1, 2026 closing of the Membership Interest Purchase Agreement"
A membership interest purchase agreement is a contract used when someone buys an ownership stake in a limited liability company (LLC). It spells out what is being sold, the price, any promises about the business’s condition, and who takes responsibility for debts or legal issues—like a receipt and rulebook for the sale. Investors care because it transfers control, affects future cash flow and liabilities, and can change the value and tax treatment of their investment.
Retention Award financial
"pursuant to the performance-based RSUs awarded on April 4, 2025, as modified March 5, 2026 (the "Retention Award")"
tax withholding obligation financial
"Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lands' End (LE) executive Kym Maas report?
Kym Maas reported RSU vesting, new equity grants, a share sale, and tax-related share withholdings. She acquired shares from RSU conversions, received new RSU and stock awards, sold 1,440 shares into a tender offer, and had shares withheld to satisfy tax obligations on the vesting.
What new equity awards did Kym Maas receive from Lands' End (LE)?
She received grants covering 13,150 Restricted Stock Units and 13,150 shares of common stock. Each RSU represents a contingent right to one share upon vesting. Portions of these awards vest over multiple future dates, subject to meeting service-based vesting conditions and maintaining a continuous business relationship.
What is the Lands' End (LE) Retention Award mentioned in the filing?
The Retention Award is a performance-based RSU grant tied to a Membership Interest Purchase Agreement closing on April 1, 2026. Fifty percent vested at closing, with additional 6,575-share tranches scheduled to vest on April 1, 2027 and December 31, 2027, contingent on continued service and vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
