Lands' End (NYSE: LE) CFO logs RSU vesting and tax-share withholding

Rhea-AI Filing Summary

LANDS' END, INC. CFO and Treasurer Bernard Louis McCracken III reported routine equity compensation activity involving Restricted Stock Units (RSUs). He exercised RSUs covering 4,643 shares of common stock, and 2,183 shares were withheld by the company at a price of $12.41 per share to satisfy tax obligations. Following these transactions, he directly holds 55,199 shares of common stock. The RSUs stem from prior awards that vest over several years, contingent on continued service.

Insights

Equity Compensation Analyst

Routine RSU vesting with tax withholding; no open-market trades.

CFO Bernard Louis McCracken III exercised Restricted Stock Units converting 4,643 RSUs into common shares. As part of this vesting event, 2,183 shares were withheld by the issuer at $12.41 per share to cover tax liabilities.

The transactions are coded M (derivative exercise) and F (tax-withholding disposition), indicating compensation-related mechanics rather than discretionary buying or selling in the market. After these entries, he holds 55,199 common shares directly, showing continued equity exposure.

Footnotes describe multi-year vesting schedules for several RSU grants, with tranches expected to vest on various dates through 2029, subject to maintaining a continuous business relationship. Overall, this filing reflects ongoing equity compensation, not a change in investment stance.

Insider Trade Summary

4,643 shares exercised/converted

Mixed 3 txns

Insider McCRACKEN BERNARD LOUIS III

Role CFO and Treasurer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,643	$0.00	--
Exercise	Common Stock	4,643	$0.00	--
Tax Withholding	Common Stock	2,183	$12.41	$27K

Holdings After Transaction: Restricted Stock Units — 96,868 shares (Direct, null); Common Stock — 55,199 shares (Direct, null)

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 June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%). Of the total number of RSUs, 10,212 shares will vest on April 1, 2027; 16,302 shares will vest on March 24, 2027 and 32,605 shares will vest on March 24, 2028; 6,149 shares will vest on March 23, 2027, 6,150 shares will vest on March 23, 2028 and 12,300 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

RSUs converted: 4,643 shares Tax withholding shares: 2,183 shares Withholding price: $12.41 per share +4 more

7 metrics

RSUs converted 4,643 shares Restricted Stock Units converted to common stock on June 14, 2026

Tax withholding shares 2,183 shares Shares withheld to satisfy tax obligation at $12.41 per share

Withholding price $12.41 per share Value used for tax-withholding disposition of 2,183 shares

Common shares held 55,199 shares Direct common stock holdings after transactions

Future RSU vesting 1 10,212 shares RSUs scheduled to vest on April 1, 2027

Future RSU vesting 2 16,302 shares RSUs scheduled to vest on March 24, 2027

Future RSU vesting 3 32,605 shares RSUs scheduled to vest on March 24, 2028

Key Terms

Restricted Stock Unit, tax withholding obligation, vesting conditions, derivative exercise/conversion, +1 more

5 terms

Restricted Stock Unit financial

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

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.

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"

vesting conditions financial

"represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions"

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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

continuous business relationship financial

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

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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^*

McCRACKEN BERNARD LOUIS III

(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)
	CFO and Treasurer

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		4,643	A	$0(1)	55,199	D
Common Stock	06/14/2026		F		2,183(2)	D	$12.41	53,016	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			4,643	(3)	(3)	Common Stock	4,643	$0	96,868(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, 10,212 shares will vest on April 1, 2027; 16,302 shares will vest on March 24, 2027 and 32,605 shares will vest on March 24, 2028; 6,149 shares will vest on March 23, 2027, 6,150 shares will vest on March 23, 2028 and 12,300 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.

	/s/ Peter L. Gray as attorney-in-fact for Bernard L. McCracken	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)

FAQ

What did Lands' End (LE) CFO report in this Form 4 filing?

The CFO reported routine RSU-related transactions, not open-market trades. 4,643 Restricted Stock Units converted into common stock, and 2,183 shares were withheld by the company to pay taxes. After these entries, he directly owns 55,199 shares of Lands' End common stock.

Did the Lands' End (LE) CFO buy or sell shares on the open market?

No open-market buying or selling occurred in this filing. The transactions reflect RSU vesting and tax withholding: 4,643 RSUs converted into shares and 2,183 shares withheld for taxes. These are compensation mechanics rather than discretionary trades in Lands' End stock.

How many Lands' End (LE) shares were withheld for the CFO’s taxes?

The company withheld 2,183 shares of common stock to satisfy the CFO’s tax withholding obligation. The withholding price was $12.41 per share, and this disposition is coded F, meaning it was used for tax payment, not an open-market sale.

How many Lands' End (LE) Restricted Stock Units vested in this transaction?

A total of 4,643 Restricted Stock Units vested and converted into common shares. Each RSU represents a contingent right to receive one share of common stock once vesting conditions are met, including continued employment through the specified vesting dates.

What are the CFO’s Lands' End (LE) share holdings after this Form 4?

After the reported RSU exercise and tax withholding, the CFO directly holds 55,199 shares of Lands' End common stock. This total reflects his updated equity position following the 4,643-share RSU conversion and the 2,183 shares withheld for taxes.

What future RSU vesting does the Lands' End (LE) filing describe for the CFO?

The filing notes multiple RSU tranches scheduled to vest between 2027 and 2029 in various amounts, including 10,212, 16,302, 32,605, 6,149, 6,150, 12,300, 6,575, and 6,575 shares. Each tranche requires continued service through its respective vesting date.