STOCK TITAN

Lands' End (LE) CFO logs RSU grant, vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LANDS' END, INC. Chief Financial Officer and Treasurer Bernard Louis McCracken III reported compensation-related equity transactions. He received a grant of 24,599 Restricted Stock Units (RSUs) on March 23, 2026, each representing the right to one share of common stock if vesting conditions are met.

On March 24, 2026, 16,302 RSUs vested and were converted into 16,302 shares of common stock. Of these shares, 5,217 were withheld by the company at a price of $12.56 per share to cover tax obligations, a non-market disposition, leaving him with 44,243 common shares directly owned after the transactions. Following these events, he also held 93,467 RSUs that will vest over multiple future dates if his continuous business relationship continues.

Positive

  • None.

Negative

  • None.

Insights

Routine CFO RSU grant, vesting, and tax withholding with no open-market trades.

The CFO of LANDS' END, INC. received 24,599 RSUs as part of equity compensation, then saw 16,302 RSUs vest and convert into common stock. This award structure ties his incentives to future company performance through time-based vesting.

To cover taxes from the vesting, 5,217 common shares were withheld by the issuer at $12.56 per share rather than sold in the market. After these transactions he directly held 44,243 common shares and 93,467 RSUs, indicating a substantial continuing equity stake.

The transactions consist of grants, exercises, and tax withholding without any open-market buying or selling, so they appear as standard executive compensation activity rather than a directional view on the stock.

Insider McCRACKEN BERNARD LOUIS III
Role CFO and Treasurer
Type Security Shares Price Value
Exercise Restricted Stock Units 16,302 $0.00 --
Exercise Common Stock 16,302 $0.00 --
Tax Withholding Common Stock 5,217 $12.56 $66K
Grant/Award Restricted Stock Units 24,599 $0.00 --
Holdings After Transaction: Restricted Stock Units — 93,467 shares (Direct); Common Stock — 49,460 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. These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 23, 2027 (25%), March 23, 2028 (25%) and March 23, 2029 (50%). This RSU award was granted on March 24, 2025, with vesting in three installments on March 24, 2026 (25%), March 24, 2027 (25%) and March 24, 2028 (50%). Of the total number of RSUs, 4,643 RSUs will vest on June 14, 2026; 5,106 RSUs will vest on April 1, 2026 and 10,212 RSUs will vest on April 1, 2027; 16,302 will vest on March 24, 2027 and 32,605 will vest on March 24, 2028; and 6149 will vest on March 23, 2027, 6,150 will vest on March 23, 2028 and 12,300 will vest on March 23, 2029; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO and Treasurer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/24/2026M16,302A$0(1)49,460D
Common Stock03/24/2026F5,217(2)D$12.5644,243D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)03/23/2026A24,599 (3) (3)Common Stock24,599$0109,769D
Restricted Stock Units$0(1)03/24/2026M16,302 (4) (4)Common Stock16,302$093,467(5)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. These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 23, 2027 (25%), March 23, 2028 (25%) and March 23, 2029 (50%).
4. This RSU award was granted on March 24, 2025, with vesting in three installments on March 24, 2026 (25%), March 24, 2027 (25%) and March 24, 2028 (50%).
5. Of the total number of RSUs, 4,643 RSUs will vest on June 14, 2026; 5,106 RSUs will vest on April 1, 2026 and 10,212 RSUs will vest on April 1, 2027; 16,302 will vest on March 24, 2027 and 32,605 will vest on March 24, 2028; and 6149 will vest on March 23, 2027, 6,150 will vest on March 23, 2028 and 12,300 will vest on March 23, 2029; 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 Bernard L. McCracken03/25/2026
** Signature of Reporting PersonDate
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 equity award did Lands' End (LE) CFO Bernard McCracken receive in this Form 4?

The CFO received a grant of 24,599 Restricted Stock Units (RSUs) on March 23, 2026. Each RSU represents the right to receive one share of Lands' End common stock if specified time-based vesting conditions are satisfied.

How many Lands' End (LE) RSUs vested and converted to common stock in this filing?

On March 24, 2026, 16,302 RSUs vested and were converted into 16,302 shares of Lands' End common stock. This reflects the scheduled vesting of a prior RSU award, not an open-market purchase.

Why were 5,217 Lands' End (LE) shares disposed of in the CFO’s Form 4?

The filing shows 5,217 common shares were withheld by Lands' End at $12.56 per share. Footnotes state these shares covered the CFO’s tax withholding obligation from the RSU vesting, rather than representing a market sale decision.

What are the CFO’s Lands' End (LE) common stock holdings after these transactions?

After the reported RSU vesting, share issuance, and tax withholding, the CFO directly owned 44,243 shares of Lands' End common stock. This figure reflects his updated direct ownership position immediately following the March 24, 2026 transactions.

How many Lands' End (LE) RSUs does the CFO hold after this Form 4?

Following the new grant and the RSU vesting, the CFO held 93,467 RSUs. Footnotes explain these RSUs are time-based and will vest over several future dates, subject to continued service and satisfaction of vesting conditions.

Did the Lands' End (LE) CFO make any open-market trades in this Form 4?

No open-market purchases or sales are reported. The Form 4 shows RSU grants, RSU vesting with share issuance, and shares withheld for taxes. All actions are compensation-related and executed through the company, not market trades.