Lands' End CFO trades shares, gains new RSUs
Lands' End CFO and Treasurer Bernard Louis McCracken III reported a mix of stock and RSU transactions.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Lands' End CFO and Treasurer Bernard Louis McCracken III reported a mix of stock and RSU transactions. He exercised Restricted Stock Units into 5,106 shares of common stock and received a new grant of 13,150 RSUs, reflecting ongoing equity-based compensation.
He sold 3,362 common shares at $45.00 per share into a tender offer by LEWHP, LLC, while 8,581 shares were withheld at $11.56 per share to cover tax obligations on vesting. After these moves, he directly holds 50,556 common shares and 101,511 RSUs, indicating he retains a substantial equity stake in the company.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
McCRACKEN BERNARD LOUIS III
Role
CFO and Treasurer
Sold
3,362 shs ($151K)
Approx. gross sale proceeds
$151K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,106 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 13,150 | $0.00 | $0.00 |
| Sale | Common Stock | 3,362 | $45.00 | $151K |
| Exercise | Common Stock | 5,106 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,400 | $11.56 | $28K |
| Grant/Award | Common Stock | 13,150 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,181 | $11.56 | $71K |
Holdings After Transaction:
Restricted Stock Units — 101,511 contracts (Direct);
Common Stock — 50,556 shares (Direct)
Footnotes (7)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
- F2. Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
- F3. Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary of WH Topco, L.P., to purchase up to 2,222,222 of the outstanding shares of common stock of the Registrant, in exchange for $45.00 per share in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 26, 2026 (as amended), and the related Letter of Transmittal.
- F4. Shares issued upon the April 1, 2026 closing (the "Closing") of the Membership Interest Purchase Agreement by and among the Registrant, Lands' End Direct Merchants, Inc., WH Borrower, LLC, WH Topco, L.P., and LEWHP LLC, dated January 26, 2026, pursuant to the performance-based RSUs awarded on April 4, 2025, as modified March 5, 2026 (the "Retention Award"). Pursuant to the terms of the Retention Award, fifty percent (50%) of the Retention Award vested upon the Closing, twenty-five percent (25%) will vest upon the one-year anniversary of the Closing and twenty-five percent (25%) 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.
- F5. This RSU award was granted on April 1, 2024, with vesting in three installments on April 1, 2025 (25%), April 1, 2026 (25%) and April 1, 2027 (50%).
- F6. Pursuant to the terms of the Retention Award 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.
- F7. Of the total number of RSUs, 4,643 shares will vest on June 14, 2026; 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
Shares sold in tender offer: 3,362 shares at $45.00
RSUs vested/exercised: 5,106 RSUs
New RSU grant: 13,150 RSUs
+3 more
6 metrics
Shares sold in tender offer
3,362 shares at $45.00
Open-market sale via tender offer on April 1, 2026
RSUs vested/exercised
5,106 RSUs
Exercised into common stock on April 1, 2026
New RSU grant
13,150 RSUs
Grant/award acquisition on April 1, 2026
Shares withheld for taxes
8,581 shares at $11.56
Tax-withholding dispositions related to RSU vesting
Common shares held after
50,556 shares
Direct common stock holdings following transactions
RSUs held after
101,511 RSUs
Total Restricted Stock Units outstanding after transactions
Key Terms
Restricted Stock Units, tax withholding, tender offer, Membership Interest Purchase Agreement, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
tender offer financial
"Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary of WH Topco, L.P."
A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.
Membership Interest Purchase Agreement financial
"Shares issued upon the April 1, 2026 closing (the "Closing") of the Membership Interest Purchase Agreement by and among the Registrant"
A membership interest purchase agreement is a contract used when someone buys an ownership stake in a limited liability company (LLC). It spells out what is being sold, the price, any promises about the business’s condition, and who takes responsibility for debts or legal issues—like a receipt and rulebook for the sale. Investors care because it transfers control, affects future cash flow and liabilities, and can change the value and tax treatment of their investment.
Retention Award financial
"pursuant to the performance-based RSUs awarded on April 4, 2025, as modified March 5, 2026 (the "Retention Award")."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lands' End (LE) CFO report on April 1, 2026?
Lands' End CFO Bernard Louis McCracken III exercised 5,106 Restricted Stock Units into common shares, sold 3,362 common shares at $45.00, had 8,581 shares withheld for taxes, and received 13,150 new RSUs, reflecting routine compensation and portfolio management activity.
What new equity awards did the Lands' End (LE) CFO receive in this Form 4?
The CFO received 13,150 new Restricted Stock Units, each representing a right to one share upon vesting. Footnotes indicate portions of his RSU awards, including a Retention Award, will vest on dates through 2029 if service-based vesting conditions are met.
What is the Retention Award mentioned in the Lands' End (LE) CFO’s filing?
The Retention Award is a performance-based RSU grant modified in March 2026. Fifty percent vested at the April 1, 2026 closing of a Membership Interest Purchase Agreement, with additional tranches vesting in 2027, subject to continued service and other vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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