Form 4: Lands' End CFO Bernard McCracken Reports Stock Transactions
SEC Form 4 Filing
CFO and Treasurer of Lands' End, Bernard Louis McCracken III, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 18, 2025, Bernard Louis McCracken III, CFO and Treasurer of Lands' End, Inc., reported transactions involving Lands' End common stock.
- McCracken acquired 1,864 shares of common stock upon the vesting of restricted stock units (RSUs).
- 696 shares were withheld by the issuer to cover McCracken's tax obligations related to the RSU vesting at a price of $11.13.
- Following these transactions, McCracken directly owns 25,023 shares of Lands' End common stock.
- McCracken also holds 27,389 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
- Companies like Gap, Abercrombie & Fitch, and American Eagle Outfitters also have executives who regularly file Form 4s to report stock transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that executive compensation is aligned with company performance through equity-based incentives.
Key Dates
| Date | Description |
|---|---|
| March 18, 2022 | Date of RSU award grant with vesting in three installments. |
| March 18, 2023 | First vesting installment (25%) of RSU award granted on March 18, 2022. |
| March 18, 2024 | Second vesting installment (25%) of RSU award granted on March 18, 2022. |
| March 18, 2025 | Date of reported transactions: RSU vesting and tax withholding; Final vesting installment (50%) of RSU award granted on March 18, 2022. |
| June 14, 2025 | 2,322 RSUs will vest. |
| April 1, 2025 | 5,106 RSUs will vest. |
| June 14, 2026 | 4,643 RSUs will vest. |
| April 1, 2026 | 5,106 RSUs will vest. |
| April 1, 2027 | 10,212 RSUs will vest. |
| March 20, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Lands' End, Insider Trading, Restricted Stock Units, Beneficial Ownership, McCracken, CFO, Stock Transactions
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