Kym Maas - May 21, 2025 Form 3 Insider Report for LANDS' END, INC. (LE)

Signature
/s/ Peter L. Gray as attorney-in-fact for Kym Maas
Stock symbol
LE
Transactions as of
May 21, 2025
Transactions value $
$0
Form type
3
Date filed
6/5/2025, 05:00 PM
Next filing
Jun 17, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Maas Kym Chief Creative Officer 5 LANDS' END LANE, DODGEVILLE /s/ Peter L. Gray as attorney-in-fact for Kym Maas 2025-06-05 0002071574

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LE Common Stock 4.6K May 21, 2025 Direct

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
holding LE Restricted Stock Units May 21, 2025 Common Stock 48.6K $0.00 Direct F1
holding LE Performance Rights May 21, 2025 Common Stock 10.3K Direct F2, F3
* 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 issuer common stock upon satisfaction of the vesting conditions. These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, as follows: 5,562 RSUs will vest on June 14, 2025 and 11,124 RSUs will vest on June 14, 2026; 3,758 RSUs will vest on April 1, 2026 and 7,515 RSUs will vest on April 1, 2027; and 5,151 RSUs will vest on March 24, 2026; 5,152 RSUs will vest on March 24, 2027 and 10,303 RSUs will vest on March 24, 2028, subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.
F2 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.
F3 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.