Andrew J. McLean - Mar 24, 2025 Form 4 Insider Report for LANDS' END, INC. (LE)

Role: Chief Executive Officer, Director
Signature: /s/ Peter L. Gray, as attorney-in-fact for Andrew J. McLean
Stock symbol: LE
Transactions as of: Mar 24, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/26/2025, 04:43 PM
Previous filing: Nov 5, 2024
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	+108K	+41.9%	$0.00	366K	Mar 24, 2025	Common Stock	108K	$0.00	Direct	F1, F2, F3
transaction	LE	Performance Rights	Award	$0	+54K		$0.00	54K	Mar 24, 2025	Common Stock	54K		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, 57,817 RSUs will vest on November 1, 2025; 36,885 RSUs will vest on June 14, 2025 and 73,770 RSUs will vest on June 14, 2026; 22,281 RSUs will vest on April 1, 2025, 22,281 RSUs will vest on April 1, 2026 and 44,562 RSUs will vest on April 1, 2027; and 26,984 will vest on March 24, 2026, 26,985 will vest on March 24, 2027 and 53,970 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.