Lands' End officer logs RSU vesting, tax share withholding

LANDS' END, INC. officer Peter L. Gray reported compensation-related stock activity involving restricted stock units (RSUs) and common shares.

Rhea-AI Filing Summary

LANDS' END, INC. officer Peter L. Gray reported compensation-related stock activity involving restricted stock units (RSUs) and common shares. On June 14, 2026, RSUs covering 21,736 shares were exercised into common stock at a stated price of $0.00 per share.

To cover taxes from this vesting, the issuer withheld 10,704 common shares at $12.41 per share in a tax-withholding disposition, rather than an open-market sale. After these transactions, Gray directly held 162,475 common shares and 83,574 RSUs subject to future vesting schedules.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding; net equity position increased.

Peter L. Gray, an officer of LANDS' END, INC., exercised restricted stock units into 21,736 common shares and had 10,704 shares withheld at $12.41 to satisfy tax obligations. Code M and F transactions like these are standard equity-compensation mechanics.

Following the activity, Gray holds 173,179 common shares and 83,574 RSUs, indicating a sizeable ongoing equity stake. Because no open-market buying or selling occurred and the filing reflects scheduled vesting, the informational signal for investors is neutral rather than directional.

Insider Trade Summary

21,736 shares exercised/converted

Exercise 3 txns

Insider GRAY PETER L

Role PRES LE Licensing, CAO & GC

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	21,736	$0.00	$0.00
Exercise	Common Stock	21,736	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	10,704	$12.41	$133K

Holdings After Transaction: Restricted Stock Units — 83,574 contracts (Direct); Common Stock — 162,475 shares (Direct)

Footnotes (4)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
2. F2. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
3. F3. This RSU award was granted on June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
4. F4. Of the total number of RSUs, 13,130 shares will vest on April 1, 2027; 6,822 shares will vest on March 24, 2027 and 13,645 shares will vest on March 24, 2028; 8,144 shares will vest on March 23, 2027, 8,144 shares will vest on March 23, 2028 and 16,289 shares will vest on March 23, 2029; and 8,700 shares will vest on April 1, 2027 and 8,700 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

RSU shares exercised: 21,736 shares Tax-withheld shares: 10,704 shares Tax withholding price: $12.41 per share +3 more

6 metrics

RSU shares exercised 21,736 shares Common stock received from RSU exercise on June 14, 2026

Tax-withheld shares 10,704 shares Shares withheld at $12.41 to cover tax on RSU vesting

Tax withholding price $12.41 per share Value used for 10,704 shares withheld for taxes

Common shares held 173,179 shares Direct Lands' End common stock holdings after transactions

RSUs outstanding 83,574 units Restricted Stock Units remaining after exercise event

RSU grant date June 14, 2023 RSU award vesting in 2024, 2025 and 2026 tranches

Key Terms

Restricted Stock Unit ("RSU"), tax withholding obligation, derivative security, vesting conditions, +1 more

5 terms

Restricted Stock Unit ("RSU") financial

"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock…"

tax withholding obligation financial

"Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs."

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vesting conditions financial

"…subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship…"

Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Lands' End (LE) officer Peter L. Gray report in this Form 4?

He reported RSU vesting that delivered 21,736 common shares and a related tax-withholding disposition of 10,704 shares. These are equity-compensation events, not open-market trades, and result in an overall increase in his direct common stock holdings.

Did Peter L. Gray buy or sell Lands' End (LE) shares on the market?

No open-market purchases or sales were reported. Shares were acquired through RSU vesting and some were withheld by the company to pay taxes. This differs from discretionary buying or selling on an exchange and is typically viewed as routine compensation activity.

How many Lands' End (LE) shares does Peter L. Gray hold after these transactions?

After the reported transactions, he directly holds 173,179 shares of Lands' End common stock. This reflects the RSU conversion into shares, net of the 10,704 shares withheld to satisfy his tax withholding obligation tied to the vesting event.

What was the size of the RSU vesting reported by Lands' End (LE) officer Peter L. Gray?

RSUs corresponding to 21,736 Lands' End common shares vested and were exercised at a stated price of $0.00 per share. This is consistent with RSUs, which typically convert into shares without additional cash payment when vesting conditions are satisfied.

Why were 10,704 Lands' End (LE) shares disposed of in this Form 4?

The 10,704 shares were withheld by the issuer at $12.41 per share to cover Peter L. Gray’s tax withholding obligation from RSU vesting. This F‑code disposition is an administrative tax payment method, not an open-market sale reflecting a change in sentiment.

Does Peter L. Gray still hold unvested RSUs in Lands' End (LE)?

Yes. After the reported transactions, he holds 83,574 RSUs, each representing a contingent right to receive one Lands' End common share upon satisfaction of vesting conditions. Future vesting dates and amounts are set out in the award’s detailed schedule.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/16/2026 - 04:00 PM EDT Learn about SEC filing dates

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
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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^*

GRAY PETER L

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRES LE Licensing, CAO & GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/14/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/14/2026		M		21,736	A	$0(1)	173,179	D
Common Stock	06/14/2026		F		10,704(2)	D	$12.41	162,475	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)	06/14/2026		M			21,736	(3)	(3)	Common Stock	21,736	$0	83,574(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 June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).

4. Of the total number of RSUs, 13,130 shares will vest on April 1, 2027; 6,822 shares will vest on March 24, 2027 and 13,645 shares will vest on March 24, 2028; 8,144 shares will vest on March 23, 2027, 8,144 shares will vest on March 23, 2028 and 16,289 shares will vest on March 23, 2029; and 8,700 shares will vest on April 1, 2027 and 8,700 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.

	/s/ Peter L. Gray	06/16/2026
	** 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.
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)