Lands' End (LE) CFO logs RSU grant, vesting and tax share withholding
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
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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 Trade Summary
| 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 | -- |
Footnotes (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.