Andrew J. McLean - Nov 1, 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
CEO - Designate, Director
Signature
/s/ Peter L. Gray, as Attorney-in-Fact for Andrew J. McLean
Stock symbol
LE
Transactions as of
Nov 1, 2022
Transactions value $
$0
Form type
4
Date filed
11/3/2022, 04:17 PM
Previous filing
Jul 26, 2022
Next filing
Jun 16, 2023

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 +116K $0.00 116K Nov 1, 2022 Common Stock 116K $0.00 Direct F1
transaction LE Employee Stock Option (right to buy) Award $0 +168K $0.00 168K Nov 1, 2022 Common Stock 168K $10.81 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are time-based restricted stock units (RSUs) that will vest in three annual installments on November 1, 2023 (25%), November 1, 2024 (25%) and November 1, 2025 (50%), subject to certain vesting conditions and acceleration events. Each RSU represents a contingent right to receive one share of common stock upon satisfaction of the applicable vesting conditions.
F2 The option will vest in three annual installments on November 1, 2023 (25%), November 1, 2024 (25%) and November 1, 2025 (50%), subject to certain vesting conditions and acceleration events.