Stewart Glendinning - Oct 15, 2023 Form 4 Insider Report for EXPRESS, INC. (EXPR)

Signature
/s/ Laurel Krueger, Attorney-in-Fact
Stock symbol
EXPR
Transactions as of
Oct 15, 2023
Transactions value $
$0
Form type
4
Date filed
10/17/2023, 04:02 PM
Previous filing
Sep 21, 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 EXPR Performance Stock Units Award $0 +150K $0.00 150K Oct 15, 2023 Common Stock 150K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based restricted stock units ("PSUs") granted to the reporting person as a material inducement to his acceptance of employment as Chief Executive Officer. Each PSU represents a contingent right to receive one share of the Issuer's common stock (at a payout ranging from 0 to 200%) based on the Issuer's stock price performance during the period between the grant date and the last day of the Issuer's fiscal 2026, subject to continued employment.