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LANDS' END, INC.·4

Apr 6, 5:00 PM ET

Maas Kym 4

4 · LANDS' END, INC. · Filed Apr 6, 2026

Research Summary

AI-generated summary of this filing

Updated

Lands' End (LE) President Kym Maas Receives RSUs, Sells 1,440 Shares

What Happened

  • Kym Maas, President, LE Consumer & Chief Customer Officer of Lands' End, had multiple equity events on April 1, 2026. She was issued 13,150 restricted stock units (RSUs) in connection with the April 1 closing (A), converted/exercised 3,758 derivative units (M), and sold 1,440 shares in a transaction at $45.00 per share for gross proceeds of $64,800 (S). To satisfy tax withholding obligations upon vesting, a total of 5,932 shares were withheld (F) at $11.56 per share, generating $68,574 in withholding value.

Key Details

  • Transaction date: April 1, 2026 (Form 4 filed April 6, 2026 — filing marked late).
  • Sale: 1,440 shares sold at $45.00 each = $64,800 (sold pursuant to the LEWHP LLC tender offer; footnote F3).
  • Acquisitions: 13,150 RSUs issued at closing (footnote F4). 3,758 derivative shares were converted/exercised (M).
  • Tax withholding: 1,319 shares withheld ($15,248) and 4,613 shares withheld ($53,326) at $11.56/share — total 5,932 shares withheld ($68,574) (F2).
  • Derivative activity: M-coded entries reflect exercise/conversion of derivative securities; the filing shows both acquisition and disposition entries for those 3,758 derivative shares (treated as derivative transactions in the filing).
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Relevant footnotes: F1 explains each RSU converts to one share upon vesting; F4–F7 describe the retention/performance RSU awards and future vesting schedules and conditions (50% vested at closing; remaining tranches vest on specified future dates subject to continued service).

Context

  • RSUs are contingent awards that convert to common shares when vesting conditions are met (F1). The 13,150 RSUs were issued at the April 1 closing under a retention/performance award (F4); portions will vest on future dates if vesting conditions (including continued service) are satisfied (F5–F7). The sale reported here was part of a tender offer (F3) and the withheld shares reflect standard tax withholding on vesting — these are routine administrative transactions rather than an obvious directional “buy” or “sell” signal. The filing was submitted late, which delays public disclosure of these insider actions.

Insider Transaction Report

Form 4
Period: 2026-04-01
LANDS' END, INC.LE
Maas Kym
President, LE Consumer & CCO
Transactions
  • Sale

    Common Stock

    [F3]
    2026-04-01$45.00/sh−1,440$64,800→ 17,509 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-04-01+3,758→ 21,267 total
  • Tax Payment

    Common Stock

    [F2]
    2026-04-01$11.56/sh−1,319$15,248→ 19,948 total
  • Award

    Common Stock

    [F4]
    2026-04-01+13,150→ 33,098 total
  • Tax Payment

    Common Stock

    [F2]
    2026-04-01$11.56/sh−4,613$53,326→ 28,485 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5]
    2026-04-01−3,758→ 60,479 total
    Exercise: $0.00→ Common Stock (3,758 underlying)
  • Award

    Restricted Stock Units

    [F1][F6][F7]
    2026-04-01+13,150→ 73,629 total
    Exercise: $0.00→ Common Stock (13,150 underlying)
Footnotes (7)
  • [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]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.
  • [F4]Shares issued upon the April 1, 2026 closing (the "Closing") of the Membership Interest Purchase Agreement by and among the Registrant, Lands' End Direct Merchants, Inc., WH Borrower, LLC, WH Topco, L.P., and LEWHP LLC, dated January 26, 2026, pursuant to the performance-based RSUs awarded on April 4, 2025, as modified March 5, 2026 (the "Retention Award"). Pursuant to the terms of the Retention Award, fifty percent (50%) of the Retention Award vested upon the Closing, twenty-five percent (25%) will vest upon the one-year anniversary of the Closing and twenty-five percent (25%) 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.
  • [F5]This RSU award was granted on April 1, 2024, with vesting in three installments on April 1, 2025 (25%), April 1, 2026 (25%) and April 1, 2027 (50%).
  • [F6]Pursuant to the terms of the Retention Award 6,575 shares will vest on April 1, 2027 and 6,575 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.
  • [F7]Of the total number of RSUs, 11,124 shares will vest on June 14, 2026; 7,515 shares will vest on April 1, 2027; 5,152 shares will vest on March 24, 2027 and 10,303 shares will vest on March 24, 2028; 6,596 shares will vest on March 23, 2027, 6,596 shares will vest on March 23, 2028 and 13,193 shares will vest on March 23, 2029; and 6,575 shares will vest on April 1, 2027 and 6,575 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.
Signature
/s/ Peter L. Gray as attorney-in-fact for Kym Maas|2026-04-06

Documents

1 file
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    ownership.xmlPrimary

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