Lands' End executive receives RSU shares, tax withheld

LANDS' END, INC. executive Peter L. Gray received 23,039 shares of common stock on March 5, 2026 as a grant tied to performance-based RSUs awarded on June 14, 2023, after related performance criteria were met.

Accepted by SEC EDGAR 03/09/2026 - 04:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

LANDS' END, INC. executive Peter L. Gray received 23,039 shares of common stock on March 5, 2026 as a grant tied to performance-based RSUs awarded on June 14, 2023, after related performance criteria were met. To cover associated tax obligations upon vesting, 8,069 shares were withheld by the company. After these transactions, Gray directly owned 146,247 shares of Lands' End common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GRAY PETER L

Role PRES LE Licensing, CAO & GC

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	23,039	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	8,069	$16.24	$131K

Holdings After Transaction: Common Stock — 146,247 shares (Direct)

Holdings Before and After: Common Stock, 131,277 to 146,247 shares (Direct)

Footnotes (2)

1. F1. Shares issued upon determination that performance criteria, related to performance-based RSUs awarded on June 14, 2023, had been met.
2. F2. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.

FAQ

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What insider stock transactions did LE executive Peter L. Gray report?

Peter L. Gray reported receiving 23,039 Lands' End common shares from performance-based RSUs, then having 8,069 shares withheld to cover taxes. These actions reflect RSU vesting and tax withholding, not open-market buying or selling, and left him holding 146,247 shares directly.

Were LE shares bought or sold on the market in this Form 4?

No open-market purchases or sales occurred. Gray acquired 23,039 shares through vesting of performance-based RSUs and 8,069 shares were disposed of as a tax-withholding transaction, with shares withheld by the issuer to satisfy his tax obligation rather than sold in the market.

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

After the RSU-related transactions, Peter L. Gray directly owns 146,247 shares of Lands' End common stock. This figure reflects the 23,039-share RSU vesting and the 8,069 shares withheld by the issuer to cover his tax liability related to the vesting event.

What triggered the RSU share issuance to LE executive Peter L. Gray?

The share issuance was triggered when performance criteria for performance-based RSUs granted on June 14, 2023 were determined to have been met. This led to 23,039 Lands' End common shares being issued to Gray, as disclosed, representing settlement of those performance-based restricted stock units.

Why were 8,069 Lands' End (LE) shares disposed of in this insider report?

The 8,069-share disposition reflects shares withheld by Lands' End to satisfy Gray's tax withholding obligation upon RSU vesting. This tax-withholding disposition, coded "F," is a common administrative step when restricted stock units vest and generate taxable income for the reporting person.

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

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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^*

GRAY PETER L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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	03/05/2026		A		23,039(1)	A	$0	154,316	D
Common Stock	03/05/2026		F		8,069(2)	D	$16.24	146,247	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

Explanation of Responses:

1. Shares issued upon determination that performance criteria, related to performance-based RSUs awarded on June 14, 2023, had been met.

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

	/s/ Peter L. Gray	03/09/2026
	** Signature of Reporting Person	Date
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