Peter L. Gray - Mar 18, 2024 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
CCO, CAO and General Counsel
Signature
/s/ Peter L. Gray
Stock symbol
LE
Transactions as of
Mar 18, 2024
Transactions value $
-$24,460
Form type
4
Date filed
3/20/2024, 04:09 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 +3.93K +3.88% $0.00 105K Mar 18, 2024 Direct F1
transaction LE Common Stock Tax liability -$11K -1.37K -1.3% $8.04 104K Mar 18, 2024 Direct F2
transaction LE Common Stock Options Exercise $0 +5.23K +5.04% $0.00 109K Mar 19, 2024 Direct F1
transaction LE Common Stock Tax liability -$13.4K -1.69K -1.55% $7.97 107K Mar 19, 2024 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 -3.93K -6.5% $0.00 56.6K Mar 18, 2024 Common Stock 3.93K $0.00 Direct F1, F3
transaction LE Restricted Stock Units Options Exercise $0 -5.23K -9.25% $0.00 51.3K Mar 19, 2024 Common Stock 5.23K $0.00 Direct F1, F4, F5
* 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 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 March 18, 2022, with vesting in three installments on March 18, 2023 (25%), March 18, 2024 (25%) and March 18, 2025 (50%).
F4 This RSU award was granted on March 19, 2021, with vesting in three installments on March 19, 2022 (25%), March 19, 2023 (25%) and March 19, 2024 (50%).
F5 Of the total number of RSUs, 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.