PETER L. GRAY - 14 Jun 2023 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 2023
Transactions value $
$0
Form type
4
Filing time
16 Jun 2023, 16:08:06 UTC
Previous filing
21 Mar 2023
Next filing
20 Mar 2024
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 +43.5K +255.41% $0.00 60.5K 14 Jun 2023 Common Stock 43.5K $0.00 Direct F1, 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 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 June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
F3 Of the total number of RSUs, 5,234 RSUs will vest on March 19, 2024; 3,929 RSUs will vest on March 18, 2024, and 7,857 RSUs will vest on March 18, 2025; 10,867 RSUs will vest on June 14, 2024, 10,868 RSUs will vest on June 14, 2025, and 21,736 RSUs will vest on June 14, 2026, subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.