Lands' End director sells 840 shares at $45
LANDS' END, INC. director John McClain reported selling a total of 840 shares of common stock at $45.00 per share on April 1, 2026, in transactions coded as open-market sales but executed pursuant to a tender offer by LEWHP, LLC.
Rhea-AI Filing Summary
LANDS' END, INC. director John McClain reported selling a total of 840 shares of common stock at $45.00 per share on April 1, 2026, in transactions coded as open-market sales but executed pursuant to a tender offer by LEWHP, LLC.
The sales included 832 shares held indirectly through an IRA and 8 shares held directly. Following these transactions, McClain’s reported holdings total 10,122 indirectly held shares and 92 directly held shares of Lands' End common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 840 shares
Net Sell
2 txns
Insider
MCCLAIN JOHN
Role
Director
Sold
840 shs ($38K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 832 | $45.00 | $37K |
| Sale | Common Stock | 8 | $45.00 | $360.00 |
Holdings After Transaction:
Common Stock — 10,122 shares (Indirect, By IRA);
Common Stock — 92 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
Shares sold (IRA): 832 shares
Shares sold (direct): 8 shares
Sale price per share: $45.00 per share
+3 more
6 metrics
Shares sold (IRA)
832 shares
Common Stock sold indirectly via IRA on April 1, 2026
Shares sold (direct)
8 shares
Common Stock sold directly on April 1, 2026
Sale price per share
$45.00 per share
Price for all reported Common Stock sales
Remaining indirect holdings
10,122 shares
Indirectly held Common Stock after transactions
Remaining direct holdings
92 shares
Directly held Common Stock after transactions
Tender offer capacity
2,222,222 shares
Maximum Lands' End shares LEWHP, LLC offered to purchase
Key Terms
tender offer, IRA, Offer to Purchase, Letter of Transmittal
4 terms
tender offer financial
"Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary"
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.
IRA financial
"Shares sold were held indirectly with nature of ownership described as By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Offer to Purchase financial
"upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 26, 2026"
An offer to purchase is a formal proposal from one party to buy a specific amount of shares or assets from another party at a set price. It matters to investors because it signals interest in acquiring ownership and can influence the value or control of a company. Think of it as someone putting forward a clear, serious offer to buy something they find valuable.
Letter of Transmittal financial
"as amended, and the related Letter of Transmittal"
A letter of transmittal is a written form investors use when sending physical stock certificates or electronic ownership documents to a company or its agent to surrender shares, tender them in an offer, or claim payment or replacement securities. It acts like a packing slip that lists what is enclosed, gives instructions on how the transfer should be handled, and provides proof of the transaction—important for ensuring investors receive the correct payment or new securities without delay or dispute.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lands' End (LE) director John McClain report?
John McClain reported selling 840 shares of Lands' End common stock at $45.00 per share on April 1, 2026. The transactions were reported as sales and executed pursuant to a tender offer by LEWHP, LLC for shares of the company.
Was John McClain’s Lands' End (LE) stock sale part of a tender offer?
Yes. The footnote explains that the shares were sold pursuant to a tender offer by LEWHP, LLC to purchase up to 2,222,222 Lands' End common shares at $45.00 per share, under the terms described in an Offer to Purchase and related Letter of Transmittal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
