Director Janet H. Kennedy of Duluth Holdings Inc. filed a statement of changes in beneficial ownership on November 3, 2026, reporting the acquisition of 3,410 shares of Class B Common Stock on November 1, 2026.

Key Highlights

  • Reporting person: Janet H. Kennedy, identified in the filing as a director of Duluth Holdings Inc.
  • Transaction date: November 1, 2026, with the filing submitted on November 3, 2026.
  • Shares acquired: 3,410 shares of Class B Common Stock, coded as an acquisition (A) with no cash price listed.
  • Source of award: The shares were granted under the 2024 Equity Incentive Plan of Duluth Holdings Inc. in lieu of a quarterly cash retainer for director service.
  • Resulting ownership: Following the transaction, Kennedy directly held 146,636 shares of Class B Common Stock.
  • Filing agent: The form was signed by Dennis F. Connolly as power of attorney on Kennedy's behalf.

Director Equity Award in Place of Cash Retainer at Duluth Holdings

According to the filing, the 3,410 shares of Class B Common Stock were awarded to director Janet H. Kennedy under the 2024 Equity Incentive Plan of Duluth Holdings Inc. The award was made specifically "in lieu of quarterly cash retainer for service as a director," as stated in the explanation of responses. No cash price per share is recorded for the transaction, consistent with a compensation award rather than an open-market purchase.

Duluth Holdings Inc. (NASDAQ:DLTH) is the issuer of record in the filing. The company operates under the Duluth Trading brand, selling workwear, outdoor apparel, and related accessories primarily through direct-to-consumer channels. Kennedy's post-transaction direct beneficial ownership stands at 146,636 shares of Class B Common Stock, all held directly. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing disclosed that director Janet H. Kennedy received 3,410 shares of Class B Common Stock on November 1, 2026, as a quarterly retainer equity award under Duluth Holdings' 2024 Equity Incentive Plan, bringing her total direct holdings to 146,636 shares.