Andrew J. McLean - Nov 1, 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
Nov 1, 2023
Transactions value $
-$56,524
Form type
4
Date filed
11/2/2023, 04:19 PM
Previous filing
Jun 16, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LE Common Stock Options Exercise $0 +28.9K $0.00 28.9K Nov 1, 2023 Direct F1
transaction LE Common Stock Tax liability -$56.5K -9.25K -32% $6.11 19.7K Nov 1, 2023 Direct F2

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 Options Exercise $0 -28.9K -10.98% $0.00 234K Nov 1, 2023 Common Stock 28.9K $0.00 Direct F1, F3, F4
* 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") represented a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
F2 Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
F3 This RSU award was granted on November 1, 2022, with vesting in three installments on November 1, 2023 (25%), November 1, 2024 (25%) and November 1, 2025 (50%).
F4 Of the total number of RSUs, 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; 28,908 RSUs will vest on November 1, 2024 and 57,817 RSUs will vest on November 1, 2025; subject in each case to the satisfaction of vesting conditions, including as applicable, maintaining continued employment or a continuous business relationship.