Maas Kym 4

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.