Christopher Martin D. 4
4 · LANDS' END, INC. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Lands' End (LE) CTO Christopher Martin Receives RSU Award
What Happened
Christopher Martin, EVP and Chief Technology Officer of Lands' End (LE), received a grant of 24,599 restricted stock units (RSUs) and a portion vested/converted to common shares. On 2026-03-24, 5,151 RSUs were converted/exercised into shares at a $0 exercise price. To satisfy tax withholding, 1,649 shares were withheld at $12.56 per share for a cash value of $20,711. The remaining RSUs remain subject to the stated vesting schedule.
Key Details
- Transaction dates: RSU grant reported 2026-03-23; conversions/exercise and withholding occurred 2026-03-24; Form 4 filed 2026-03-25.
- Prices/values: Exercise/conversion price $0.00; tax withholding rate implied by $12.56/share → 1,649 shares withheld for $20,711.
- Shares after transaction: Filing does not report total shares beneficially owned after these transactions.
- Footnotes / vesting: These are time-based RSUs (contingent rights to receive shares upon vesting). Footnotes indicate multi-year vesting schedules (annual installments in 2026–2029 for various tranches; one tranche was granted March 24, 2025 with 25%/25%/50% vesting). See F2–F5 for detailed tranche and vesting-date breakdowns.
- Tax withholding: The 1,649-share disposition (code F) represents shares withheld by the issuer to satisfy tax obligations — a routine cashless withholding, not an open-market sale.
- Timeliness: Form filed two days after the reported vesting/conversion dates (filed 2026-03-25 for transactions on 2026-03-23/24), which is typical and not flagged as late.
Context
This filing reflects an RSU grant and partial vesting/conversion with share withholding to cover taxes — a common, routine insider transaction. The exercise/conversion at $0 indicates RSUs converting to shares rather than an option purchase; the withholding of shares to satisfy tax obligations is effectively a cashless transaction and should not be interpreted as a market sale signaling sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-24+5,151→ 8,623 total - Tax Payment
Common Stock
[F2]2026-03-24$12.56/sh−1,649$20,711→ 6,974 total - Award
Restricted Stock Units
[F1][F3]2026-03-23+24,599→ 60,523 totalExercise: $0.00→ Common Stock (24,599 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5]2026-03-24−5,151→ 55,372 totalExercise: $0.00→ Common Stock (5,151 underlying)
Footnotes (5)
- [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]These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 23, 2027 (25%), March 23, 2028 (25%) and March 23, 2029 (50%).
- [F4]This RSU award was granted on March 24, 2025, with vesting in three installments on March 24, 2026 (25%), March 24, 2027 (25%) and March 24, 2028 (50%).
- [F5]Of the total number of RSUs, 5,106 RSUs will vest on April 1, 2026, and 10,212 RSUs will vest on April 1, 2027; 5,152 will vest on March 24, 2027 and 10,303 will vest on March 24, 2028; and 6,149 will vest on March 23, 2027, 6,150 will vest on March 23, 2028 and 12,300 will vest on March 23, 2029; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.