McLean Andrew J. 4

What Happened Andrew J. McLean, CEO of Lands' End, received 78,196 performance-based restricted stock units (RSUs) that vested on March 5, 2026 (reported on Form 4). The award is reported as an acquisition (code A) at $0.00 per share. To satisfy tax withholding on the vesting, 36,753 shares were withheld (reported as disposition code F) at $16.24 per share, generating proceeds/withholding of $596,869. If valued at $16.24, the full vested award would be roughly $1.27M.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-09 (filed within required reporting window).
• Award: 78,196 RSUs granted/vested (code A) — reported acquisition at $0.00 per share.
• Tax withholding: 36,753 shares withheld by issuer (code F) at $16.24 = $596,869.
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1 — shares issued upon determination that performance criteria for June 14, 2023 performance-based RSUs were met. F2 — shares withheld to satisfy the reporting person's tax withholding obligation.
• Transaction codes: A = award/grant; F = tax withholding (disposition).

Context This filing reports vesting of performance RSUs and routine withholding to cover taxes — a common administrative step when stock awards vest. This is not an open-market sale or purchase; the withholding reduces the net shares delivered to the insider and does not by itself signal buying or selling intent. The Form 4 was filed timely.