Duluth Holdings SVP Richard Schlecht Surrenders 12,305 Shares for Taxes

What Happened Richard W. Schlecht, Senior Vice President, Product Development & Sourcing at Duluth Holdings (DLTH), disposed of 12,305 shares on March 17, 2026 to satisfy tax withholding related to vesting restricted stock. The shares were recorded at $2.16 each, totaling $26,579. This was a tax-withholding/cashless surrender of vested shares—not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-17; Price: $2.16 per share; Total value: $26,579.
• Transaction type/code: F — shares used to satisfy tax withholding upon vesting of restricted stock.
• Shares owned after transaction: not specified in the filing.
• Filing date: 2026-03-19 (filing appears timely relative to the report date).
• Footnotes: F1 = shares used to satisfy tax withholding on vesting; F2 = some shares are held by the reporting person’s children in UTMA accounts.

Context This was a routine tax-withholding event tied to restricted stock vesting (a “cashless” surrender of shares). Such transactions generally reflect tax obligations and should not be interpreted as a direct signal of insider sentiment about the company’s outlook.