On April 1, 2026, Peter L. Gray, listed as PRES LE Licensing, CAO & GC at Lands' End, Inc. (NASDAQ: LE), carried out multiple equity-related transactions involving Lands' End common stock.
Sales and option exercises
Gray sold 11,454 shares of Lands' End common stock at $45.0 per share, yielding a gross transaction amount of $515,430. On the same day he exercised options that resulted in the acquisition of 6,565 shares at an exercise price of $0.
Additionally, Gray acquired 17,400 shares that were issued upon the vesting of performance-based restricted stock units, also at an effective price of $0.
Tax-related dispositions
Related to the vesting of restricted stock units, Gray disposed of two blocks of shares to satisfy tax obligations: 3,233 shares and 8,568 shares were sold at $11.56 per share, producing aggregate proceeds of $136,419 tied specifically to tax-withholding requirements.
Resulting ownership
After these transactions, Gray is recorded as directly owning 151,443 shares of Lands' End, Inc.
Company financial update
In separate corporate disclosures, Lands' End reported fourth-quarter results for fiscal 2025. The company posted earnings per share of $0.76, short of the $0.79 analysts had forecast. Revenue for the period was $462.4 million, below the $472.24 million expected. The company did note a 5% increase in total revenue year-over-year for the quarter.
Lands' End has also authorized a share repurchase program of up to $100 million, which is scheduled to run through March 31, 2029. The buyback authorization allows repurchases via open market transactions, privately negotiated purchases, or other methods consistent with federal securities laws.
Market commentary and data availability
According to InvestingPro analysis, the stock appears undervalued at current levels. The platform advertises additional analytical resources for LE, including 11 supplementary ProTips and a suite of financial metrics available to subscribers.
These disclosed executive transactions, the quarterly results that missed expectations and the newly authorized buyback program reflect recent corporate actions and financial outcomes for Lands' End amid what the company characterized as challenging market conditions.