LE CEO reports RSU vesting; post‑trade holds 122,126 shares

Rhea-AI Filing Summary

Lands' End (LE) reported an insider transaction by CEO and director Andrew J. McLean. On 11/01/2025, 57,817 Restricted Stock Units (RSUs) vested and were converted to common stock (Code M) at $0 per unit as customary for RSUs. To cover taxes from the vesting, the issuer withheld 27,174 shares at $15.74 per share (Code F).

Following these transactions, McLean directly owned 122,126 shares of common stock and held 248,552 RSUs. The RSUs referenced include awards granted on November 1, 2022 with vesting tranches through 2028, subject to continued service.

Insights

Insider transactions analyst

Routine RSU vesting with tax withholding; no cash sale.

The filing records the CEO’s RSU vesting and automatic share issuance (57,817 shares) with issuer tax withholding of 27,174 shares at $15.74. These are standard mechanics: Code M reflects RSU-to-share conversion at $0, and Code F reflects shares withheld to satisfy taxes.

Post-transaction positions show 122,126 directly owned shares and 248,552 RSUs outstanding, with scheduled vesting dates through 2028, conditioned on continued service. This is administrative in nature and does not indicate open-market buying or selling.

Insider Trade Summary

57,817 shares exercised/converted

Mixed 3 txns

Insider McLean Andrew J.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	57,817	$0.00	--
Exercise	Common Stock	57,817	$0.00	--
Tax Withholding	Common Stock	27,174	$15.74	$428K

Holdings After Transaction: Restricted Stock Units — 248,552 shares (Direct); Common Stock — 149,300 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. This RSU award was granted on November 1, 2022, with vesting in three installments on November 1, 2023 (25%), November 1, 2024 (25%) and November 1, 2025 (50%). Of the total number of RSUs, 73,770 RSUs will vest on June 14, 2026; 22,281 RSUs will vest on April 1, 2026 and 44,562 RSUs will vest on April 1, 2027; and 26,984 will vest on March 24, 2026, 26,985 will vest on March 24, 2027 and 53,970 will vest on March 24, 2028; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

McLean Andrew J.

(Last) (First) (Middle)

5 LANDS' END LANE

(Street)

DODGEVILLE WI 53595

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LANDS' END, INC. [ LE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/01/2025		M		57,817	A	$0(1)	149,300	D
Common Stock	11/01/2025		F		27,174(2)	D	$15.74	122,126	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	11/01/2025		M			57,817	(3)	(3)	Common Stock	57,817	$0	248,552(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 November 1, 2022, with vesting in three installments on November 1, 2023 (25%), November 1, 2024 (25%) and November 1, 2025 (50%).

4. Of the total number of RSUs, 73,770 RSUs will vest on June 14, 2026; 22,281 RSUs will vest on April 1, 2026 and 44,562 RSUs will vest on April 1, 2027; and 26,984 will vest on March 24, 2026, 26,985 will vest on March 24, 2027 and 53,970 will vest on March 24, 2028; 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 Andrew J. McLean	11/04/2025
	** Signature of Reporting Person	Date
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.
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FAQ

What did Lands' End (LE) disclose in this Form 4?

CEO Andrew J. McLean reported the vesting and conversion of 57,817 RSUs and the issuer’s tax withholding of 27,174 shares at $15.74.

How many Lands' End (LE) shares does the CEO own after the transactions?

He directly owned 122,126 shares following the reported transactions.

How many RSUs remain outstanding for the Lands' End (LE) CEO?

He held 248,552 RSUs after the transactions.

What is the date of the earliest transaction in the filing?

The earliest transaction date reported is 11/01/2025.

What do transaction codes M and F mean in this context?

Code M indicates RSU conversion to common stock; code F indicates shares withheld to cover taxes.

Were these open-market purchases or sales of Lands' End (LE) stock?

No. The events reflect RSU vesting and tax withholding, not open-market trades.

When were the vested RSUs originally granted?

They were granted on November 1, 2022, with vesting tranches through 2025.