Lands' End CEO exercises RSUs, pays taxes in stock
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Form Type
4
Rhea-AI Filing Summary
LANDS' END, INC. Chief Executive Officer Andrew J. McLean reported routine equity compensation activity tied to vested restricted stock units. On June 14, 2026, he exercised RSUs to acquire 73,770 shares of common stock at a stated price of $0.00 per share. To cover related tax obligations from the RSU vesting, 34,672 shares of common stock were withheld by the issuer rather than sold on the open market. Following these transactions, his directly held common stock position reported in this filing was 271,200 shares, reflecting compensation-based equity rather than open-market buying or selling.
Insider Trade Summary
73,770 shares exercised/converted
Exercise
3 txns
Insider
McLean Andrew J.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 73,770 | $0.00 | $0.00 |
| Exercise | Common Stock | 73,770 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 34,672 | $12.41 | $430K |
Holdings After Transaction:
Restricted Stock Units — 278,120 contracts (Direct);
Common Stock — 271,200 shares (Direct)
Footnotes (4)
- 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. This RSU award was granted on June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
- F4. Of the total number of RSUs, 44,562 shares will vest on April 1, 2027; 26,985 shares will vest on March 24, 2027 and 53,970 shares will vest on March 24, 2028; 31,275 shares will vest on March 23, 2027, 31,276 shares will vest on March 23, 2028 and 62,552 shares will vest on March 23, 2029; and 13,750 shares will vest on April 1, 2027 and 13,750 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
RSU shares exercised: 73,770 shares
Shares withheld for taxes: 34,672 shares
Shares held after exercise entry: 305,872 shares
+2 more
5 metrics
RSU shares exercised
73,770 shares
Common Stock received from RSU conversion on June 14, 2026
Shares withheld for taxes
34,672 shares
Common Stock withheld to satisfy tax obligations on RSU vesting
Shares held after exercise entry
305,872 shares
Direct common stock ownership following exercise transaction
Shares held after tax-withholding entry
271,200 shares
Direct common stock ownership following tax-withholding disposition
RSU conversion ratio
1 share per RSU
Each RSU delivers one share upon vesting conditions being met
Key Terms
Restricted Stock Units, tax withholding obligation, derivative security, vesting conditions, +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 obligation financial
"Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting conditions financial
"represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions"
Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.
continuous business relationship financial
"subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship through the applicable vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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