Lands' End (LE) CEO gets performance RSU shares, disposes some for taxes

Rhea-AI Filing Summary

LANDS' END, INC. Chief Executive Officer Andrew J. McLean reported mixed equity transactions in company common stock. He acquired 78,196 shares at a price of $0.00 per share as a grant or award, following the determination that performance criteria for performance-based RSUs granted on June 14, 2023 had been met. In a related move, 36,753 shares were disposed of at $16.24 per share to cover tax withholding obligations upon the RSU vesting. After these transactions, he directly owned 208,336 common shares.

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

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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)
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		78,196(1)	A	$0	245,089	D
Common Stock	03/05/2026		F		36,753(2)	D	$16.24	208,336	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 as attorney-in-fact for Andrew J. McLean	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did LE CEO Andrew J. McLean report on this Form 4?

Andrew J. McLean reported a grant of 78,196 Lands' End common shares and a related tax-withholding disposition of 36,753 shares. Both transactions occurred on March 5, 2026 and reflect the vesting of previously awarded performance-based restricted stock units.

Were the Lands' End (LE) Form 4 transactions open-market buys or sells?

The Form 4 shows no open-market buys or sells. Shares were acquired as a grant when performance-based RSUs vested, and shares were disposed of solely to satisfy tax withholding obligations, which is a common administrative mechanism rather than a discretionary market trade.

How many Lands' End (LE) shares does the CEO own after these Form 4 transactions?

Following the reported grant and tax-withholding disposition, Andrew J. McLean directly owns 208,336 shares of Lands' End common stock. This updated ownership figure reflects the net effect of the RSU vesting and the shares withheld to cover associated tax liabilities.

What triggered the equity grant reported for Lands' End (LE) CEO on March 5, 2026?

The equity grant was triggered when performance criteria tied to performance-based RSUs awarded on June 14, 2023 were determined to have been met. This determination caused 78,196 Lands' End common shares to be issued to CEO Andrew J. McLean at no cash cost.

Why were 36,753 Lands' End (LE) shares disposed of in the CEO’s Form 4?

The 36,753 shares were withheld by Lands' End to satisfy Andrew J. McLean’s tax withholding obligation arising from the vesting of RSUs. This tax-withholding disposition is reflected with a transaction code F and price of $16.24 per share.

Does the Lands' End (LE) Form 4 indicate any change in the CEO’s control over shares?

The Form 4 indicates Andrew J. McLean holds the reported common shares with direct ownership. Both the grant and the tax-withholding disposition are recorded as direct transactions, with no footnotes suggesting loss of voting or investment authority to another entity.