Lands' End announces inducement grants for new CEO Charlie Cole, including restricted stock units and stock options.
Quiver AI Summary
Lands’ End, Inc. announced the inducement grants awarded to Charlie Cole upon his appointment as Chief Executive Officer on July 13, 2026. These grants consist of 109,361 restricted stock units and options to purchase 166,018 shares of common stock at an exercise price of $11.43 per share, with vesting set at 25% per year for the first three years and 50% on the final year, contingent on meeting certain conditions. The grants were disclosed in a previous SEC filing and were not part of a shareholder-approved equity plan. Lands’ End is a prominent digital retailer offering a wide range of apparel and lifestyle products through various channels.
Potential Positives
- The appointment of Charlie Cole as Chief Executive Officer signifies a strategic leadership transition that could bring new vision and direction to Lands’ End.
- The inducement grants to Mr. Cole, including restricted stock units and stock options, align his interests with shareholders and could incentivize improved company performance.
- The grants outlined are substantial, with a total of 275,379 stock options and units, indicating the company's commitment to attracting and retaining top talent.
Potential Negatives
- The inducement grants to the new CEO were made outside a shareholder-approved equity plan, which may raise concerns among investors about governance practices.
- The significant size of the inducement grants (over 275,000 shares combined) could be viewed as excessive, particularly if the company is facing financial challenges.
- There is a lack of detailed information on the performance metrics associated with the vesting conditions of the stock options, which may lead to skepticism regarding accountability for executive compensation.
FAQ
What inducement grants were given to Charlie Cole?
Charlie Cole received 109,361 restricted stock units and options to purchase 166,018 shares of Common Stock.
What is Charlie Cole's role at Lands' End?
Charlie Cole has been appointed as the Chief Executive Officer of Lands' End, Inc.
When were the inducement grants made?
The inducement grants were made on July 13, 2026, coinciding with Charlie Cole's start date.
How will the restricted stock units and options vest?
The grants will vest 25%, 25%, and 50% per year over three years, subject to vesting conditions.
Is there a shareholder approved equity plan for these grants?
No, the inducement grants were not made under a shareholder approved equity plan.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LE Insider Trading Activity
$LE insiders have traded $LE stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $LE stock by insiders over the last 6 months:
- EDWARD S LAMPERT sold 1,300,505 shares for an estimated $58,522,725
- ANDREW J. MCLEAN (Chief Executive Officer) sold 16,918 shares for an estimated $761,310
- PETER L GRAY (PRES LE Licensing, CAO & GC) sold 11,454 shares for an estimated $515,430
- JOSEPHINE LINDEN sold 3,482 shares for an estimated $156,690
- BERNARD LOUIS III MCCRACKEN (CFO and Treasurer) sold 3,362 shares for an estimated $151,290
- ROBERT GALVIN has made 0 purchases and 3 sales selling 2,966 shares for an estimated $133,470.
- KYM MAAS (President, LE Consumer & CCO) sold 1,440 shares for an estimated $64,800
- ELIZABETH LEYKUM sold 935 shares for an estimated $42,075
- JOHN MCCLAIN has made 0 purchases and 2 sales selling 840 shares for an estimated $37,800.
- GORDON HARTOGENSIS sold 752 shares for an estimated $33,840
- MARTIN D. CHRISTOPHER (EVP, Chief Technology Officer) sold 530 shares for an estimated $23,850
- ALICIA UHLMAN PARKER sold 288 shares for an estimated $12,960
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LE Revenue
$LE had revenues of $462.4M in Q4 2025. This is an increase of 4.69% from the same period in the prior year.
You can track LE financials on Quiver Quantitative's LE stock page.
You can access data on LE stock through the Quiver Quantitative API.
$LE Hedge Fund Activity
We have seen 58 institutional investors add shares of $LE stock to their portfolio, and 49 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WEISS ASSET MANAGEMENT LP added 799,836 shares (+inf%) to their portfolio in Q1 2026, for an estimated $8,990,156
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 738,069 shares (+inf%) to their portfolio in Q1 2026, for an estimated $8,295,895
- SCHONFELD STRATEGIC ADVISORS LLC added 301,227 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3,385,791
- BALYASNY ASSET MANAGEMENT L.P. added 290,903 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3,269,749
- BARCLAYS PLC added 265,031 shares (+1069.1%) to their portfolio in Q1 2026, for an estimated $2,978,948
- NOMURA HOLDINGS INC added 235,008 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,641,489
- TOWERVIEW LLC added 161,701 shares (+37.5%) to their portfolio in Q1 2026, for an estimated $1,817,519
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$LE Price Targets
Multiple analysts have issued price targets for $LE recently. We have seen 2 analysts offer price targets for $LE in the last 6 months, with a median target of $20.0.
Here are some recent targets:
- Michael Kupinski from Noble Capital Markets set a target price of $20.0 on 06/18/2026
- Eric M Beder from Small Cap Consumer Research set a target price of $20.0 on 06/10/2026
Full Release
DODGEVILLE, Wis., July 13, 2026 (GLOBE NEWSWIRE) -- Lands’ End, Inc. (Nasdaq: LE) today reported that it made the following inducement grants to Charlie Cole on July 13, 2026, in connection with his commencement of employment and appointment as Chief Executive Officer. The grants were not made under a shareholder approved equity plan and were previously described in a Current Report on Form 8-K filed by Lands’ End with the Securities and Exchange Commission on June 30, 2026.
Mr. Cole’s inducement grants consist of an inducement sign-on grant of 109,361 restricted stock units, payable in the form of shares of Lands’ End, Inc. common stock (“Common Stock”), and an inducement sign-on grant of options to purchase up to 166,018 shares of Common Stock at an exercise price equal to $11.43 per share, which in each case will vest 25%, 25% and 50% per year, on, respectively, the first three anniversaries of Mr. Cole’s July 13, 2026 start date, subject to his satisfaction of vesting conditions.
About Lands’ End, Inc.
Lands’ End, Inc. (NASDAQ:LE) is a leading digital retailer of solution-based apparel, swimwear, outerwear, accessories, footwear, home products and uniforms. Lands’ End offers products online at www.landsend.com , through third-party distribution channels and our own Company Operated stores. Lands’ End also offers products to businesses and schools, for their employees and students, through the Outfitters distribution channel. Lands’ End is a classic American lifestyle brand that creates solutions for life’s every journey.
CONTACTS
Lands’ End, Inc.
Bernard McCracken
Chief Financial Officer
(608) 935-4100
Investor Relations:
ICR, Inc.
Tom Filandro
(646) 277-1235
[email protected]
