Schlecht Richard W 4

What Happened
Richard W. Schlecht, Senior Vice President of Product Development & Sourcing at Duluth Holdings (DLTH), had 3,162 shares withheld to satisfy tax withholding upon the vesting of restricted stock. The shares were valued at $3.39 each, totaling roughly $10,719. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-04-08; Form filed 2026-04-10.
• Transaction type/code: Tax withholding upon vesting (reported as disposition, code F).
• Shares involved: 3,162 shares withheld at $3.39 per share; total value ≈ $10,719.
• Shares owned after transaction: Not provided in the supplied filing excerpt.
• Footnotes: F1 — shares used to satisfy tax withholding on restricted stock vesting; F2 — some shares are held by the reporting person's children in UTMA accounts.
• Timeliness: Filing appears timely (transaction 4/8, filed 4/10).

Context
This was a routine tax-withholding action tied to restricted stock vesting (company withheld shares to cover tax obligations). Such withholding is administrative and does not necessarily reflect the insider’s view of the company. It differs from an open-market sale or a purchase and should be interpreted accordingly.