BERNARD LOUIS McCRACKEN III - Mar 24, 2025 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
CFO and Treasurer
Signature
/s/ Peter L. Gray as attorney-in-fact for Bernard L. McCracken
Stock symbol
LE
Transactions as of
Mar 24, 2025
Transactions value $
$0
Form type
4
Date filed
3/26/2025, 04:41 PM
Previous filing
Mar 20, 2025
Next filing
Apr 3, 2025
SEC
View on sec.gov

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 Award $0 +65.2K +238.08% $0.00 92.6K Mar 24, 2025 Common Stock 65.2K $0.00 Direct F1, F2, F3
transaction LE Performance Rights Award $0 +10.3K $0.00 10.3K Mar 24, 2025 Common Stock 10.3K Direct F4, F5
* 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 These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 24, 2026 (25%), March 24, 2027 (25%) and March 24, 2028 (50%).
F3 Of the total number of RSUs, 2,322 RSUs will vest on June 14, 2025 and 4,643 RSUs will vest on June 14, 2026; 5,106 RSUs will vest on April 1, 2025, 5,106 RSUs will vest on April 1, 2026 and 10,212 RSUs will vest on April 1, 2027; and 16,302 will vest on March 24, 2026, 16,302 will vest on March 24, 2027 and 32,605 will vest on March 24, 2028; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.
F4 Each performance right represents a contingent right to receive one share of issuer common stock subject to certification of performance following fiscal year 2027. The performance rights vest up to 100% of the listed target number of shares upon issuer common stock achieving a specified average per share closing stock price over a specified number of trading days, and subject to the satisfaction of other vesting conditions, including maintaining a continuous business relationship with the issuer through the payment date.
F5 No later than 90 days following the completion of the audit for issuer's fiscal year ending January 28, 2028, the Compensation Committee of the Board of Directors of the issuer shall determine achievement of performance goals in its sole discretion and the date upon which the Compensation Committee determines such performance shall be the applicable vesting date.