Form 4: Lands' End CEO Andrew McLean Reports Stock Transactions
SEC Form 4 Filing
Andrew McLean, CEO of Lands' End, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On April 1, 2025, Andrew McLean, the CEO of Lands' End, had 22,281 Restricted Stock Units (RSUs) vest, each representing a contingent right to receive one share of common stock.
- McLean disposed of 7,130 shares of common stock at a price of $10.47 to satisfy tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, McLean directly owns 71,397 shares of Lands' End common stock.
- He also holds 343,254 RSUs that will vest in multiple installments between November 1, 2025, and March 24, 2028.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date the RSU award was granted. |
| 04/01/2025 | Date of transaction: vesting of RSUs and tax withholding. |
| 04/01/2025 | First vesting date of RSU award (25%). |
| 11/01/2025 | Vesting date of 57,817 RSUs. |
| 06/14/2025 | Vesting date of 36,885 RSUs. |
| 04/01/2026 | Second vesting date of RSU award (25%). |
| 06/14/2026 | Vesting date of 73,770 RSUs. |
| 03/24/2026 | Vesting date of 26,984 RSUs. |
| 04/01/2027 | Third vesting date of RSU award (50%). |
| 03/24/2027 | Vesting date of 26,985 RSUs. |
| 03/24/2028 | Vesting date of 53,970 RSUs. |
| 04/03/2025 | Date of Form 4 filing. |
Keywords
Lands' End, Andrew McLean, CEO, stock, RSU, restricted stock units, Form 4, beneficial ownership, insider trading
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