Schlecht Richard W 4

What Happened Richard W. Schlecht, SVP of Product Development & Sourcing at Duluth Holdings (DLTH), disposed of 8,691 shares on 2026-03-13 to satisfy tax withholding associated with vested restricted stock. The shares were recorded at $2.16 each, for a total value of approximately $18,773. This was a tax-withholding disposition (routine), not an open-market sale motivated by investment views.

Key Details

• Transaction date: 2026-03-13; Price: $2.16 per share; Total value: ~$18,773.
• Transaction type: F — shares used to satisfy tax withholding obligation upon vesting of restricted stock (cashless/withholding event).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing date: 2026-03-17 — filed within the typical 2-business-day SEC Form 4 window for a March 13 transaction (timely).
• Footnotes: F1 confirms these shares were surrendered to cover tax withholding on vesting; F2 notes some shares are held by the reporting person’s children in UTMA accounts.

Context This is a routine tax-withholding event tied to RSU vesting and does not necessarily signal the insider’s view on the company’s stock. Tax-related dispositions are common and often neutral in interpreting insider sentiment.