PETER L. GRAY - 14 Jun 2024 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
CCO, CAO and General Counsel
Signature
/s/ Peter L. Gray
Issuer symbol
LE
Transactions as of
14 Jun 2024
Transactions value $
-$51,004
Form type
4
Filing time
18 Jun 2024, 16:07:16 UTC
Previous filing
03 Apr 2024
Next filing
20 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LE Common Stock Options Exercise $0 +10.9K +10.12% $0.00 118K 14 Jun 2024 Direct F1
transaction LE Common Stock Tax liability -$51K -3.54K -2.99% $14.42 115K 14 Jun 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LE Restricted Stock Units Options Exercise $0 -10.9K -14.01% $0.00 66.7K 14 Jun 2024 Common Stock 10.9K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
F2 Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
F3 This RSU award was granted on June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
F4 Of the total number of RSUs, 7,857 RSUs will vest on March 18, 2025; 10,868 RSUs will vest on June 14, 2025 and 21,736 RSUs will vest on June 14, 2026; and 6,564 RSUs will vest on April 1, 2025, 6,565 RSUs will vest on April 1, 2026 and 13,130 RSUs will vest on April 1, 2027; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.