GRAY PETER L 4
4 · LANDS' END, INC. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Lands' End (LE) Peter L. Gray Receives RSUs; 10,704 Shares Withheld
What Happened
Peter L. Gray (Pres LE Licensing, CAO & GC) had 21,736 restricted stock units (RSUs convert/vest) on 2026-06-14, resulting in 21,736 shares issued. To satisfy tax withholding, 10,704 of those shares were surrendered at an effective price of $12.41 per share, generating $132,837. Net shares retained from this vesting were 11,032. The RSU conversion is reported as a derivative exercise/conversion (code M) and the withholding as code F.
Key Details
- Transaction date: 2026-06-14; Form filed: 2026-06-16 (timely filing).
- Vesting/conversion: 21,736 RSUs → 21,736 shares (exercise/conversion, code M).
- Tax withholding: 10,704 shares withheld at $12.41/share = $132,837 (code F).
- Net shares received: 21,736 − 10,704 = 11,032 shares retained.
- Footnotes: RSUs represent contingent rights to one share each; shares were withheld by issuer to satisfy tax obligations. The award was originally granted 6/14/2023 with a multi-year vesting schedule; additional scheduled vesting dates for other RSUs are listed in the filing.
Context
- This was a vesting/RSU conversion event (not an open-market buy or sale). The withholding of shares for taxes is routine and does not necessarily indicate a buy/sell decision.
- The RSU grant and future vesting schedule are disclosed in the filing (see footnotes); no 10b5-1 plan or gift was indicated.
Insider Transaction Report
Form 4
GRAY PETER L
PRES LE Licensing, CAO & GC
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-14+21,736→ 173,179 total - Tax Payment
Common Stock
[F2]2026-06-14$12.41/sh−10,704$132,837→ 162,475 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]2026-06-14−21,736→ 83,574 totalExercise: $0.00→ Common Stock (21,736 underlying)
Footnotes (4)
- [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]This RSU award was granted on June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
- [F4]Of the total number of RSUs, 13,130 shares will vest on April 1, 2027; 6,822 shares will vest on March 24, 2027 and 13,645 shares will vest on March 24, 2028; 8,144 shares will vest on March 23, 2027, 8,144 shares will vest on March 23, 2028 and 16,289 shares will vest on March 23, 2029; and 8,700 shares will vest on April 1, 2027 and 8,700 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|2026-06-16