Andrew J. McLean - Jun 14, 2023 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
Jun 14, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 04:09 PM
Previous filing
Nov 3, 2022
Next filing
Nov 2, 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 +148K +127.59% $0.00 263K Jun 14, 2023 Common Stock 148K $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, 28,908 RSUs will vest on November 1, 2023, 28,908 RSUs will vest on November 1, 2024, and 57,817, RSUs will vest on November 1, 2025; 36,885 RSUs will vest on June 14, 2024, 36,885 RSUs will vest on June 14, 2025, and 73,770 RSUs will vest on June 14, 2026, subject in each case to the satisfaction of vesting conditions, including as applicable, continued employment or a continuous business relationship.