McCRACKEN BERNARD LOUIS III 4
4 · LANDS' END, INC. · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Lands' End (LE) CFO Bernard McCracken Converts 16,302 RSUs
What Happened
Bernard McCracken, CFO and Treasurer of Lands' End (LE), had 16,302 restricted stock units (RSUs convertable to common shares) vest on March 24, 2026. Of those vested shares, the issuer withheld 5,217 shares to satisfy tax withholding obligations (reported value $65,526 at $12.56/share), leaving a net delivery of approximately 11,085 shares to McCracken. The filing also reports a separate grant of 24,599 RSUs on March 23, 2026 (additional award, subject to future vesting).
Key Details
- Transaction dates: RSU grant 3/23/2026; RSU conversion/vesting and tax withholding 3/24/2026. Filing date: 2026-03-25 (appears timely).
- Vest/conversion: 16,302 RSUs converted to common shares (reported at $0 exercise price because these are RSUs).
- Tax withholding: 5,217 shares withheld at $12.56/share = $65,526 (code F).
- New grant: 24,599 RSUs awarded on 3/23/2026 (code A); vesting schedules described in footnotes.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: RSUs represent contingent rights to receive one share upon vesting (F1). Withholding of shares to satisfy tax obligations is confirmed (F2). Several footnotes outline time-based vesting schedules for the awards (F3–F5).
Context
- These were RSU vestings/conversions (derivative-to-common conversion), not open-market purchases or discretionary sales. The withholding of shares to cover taxes is a routine administrative action and does not necessarily indicate a decision to sell remaining shares.
- The filing also shows a recent grant of RSUs (24,599) with multi-year vesting installments; those will vest on specified future dates if vesting conditions are met.
- The report was filed within a typical short window after the transactions, so no late-filing flag is indicated.
Insider Transaction Report
Form 4
McCRACKEN BERNARD LOUIS III
CFO and Treasurer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-24+16,302→ 49,460 total - Tax Payment
Common Stock
[F2]2026-03-24$12.56/sh−5,217$65,526→ 44,243 total - Award
Restricted Stock Units
[F1][F3]2026-03-23+24,599→ 109,769 totalExercise: $0.00→ Common Stock (24,599 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4][F5]2026-03-24−16,302→ 93,467 totalExercise: $0.00→ Common Stock (16,302 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, 4,643 RSUs will vest on June 14, 2026; 5,106 RSUs will vest on April 1, 2026 and 10,212 RSUs will vest on April 1, 2027; 16,302 will vest on March 24, 2027 and 32,605 will vest on March 24, 2028; and 6149 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.
Signature
/s/ Peter L. Gray as attorney-in-fact for Bernard L. McCracken|2026-03-25