Martin D. Christopher - May 9, 2024 Form 3 Insider Report for LANDS' END, INC. (LE)

Role: EVP, Chief Technology Officer
Signature: /s/ Peter L. Gray as attorney-in-fact for Martin D. Christopher
Stock symbol: LE
Transactions as of: May 9, 2024
Transactions value $: $0
Form type: 3
Date filed: 5/13/2024, 04:05 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	LE	Common Stock						0	May 9, 2024	Direct

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
holding	LE	Restricted Stock Units							May 9, 2024	Common Stock	20.4K	$0.00	Direct	F1, F2, F3
holding	LE	Performance Rights							May 9, 2024	Common Stock	10.2K		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on April 1, 2025 (25%), April 1, 2026 (25%) and April 1, 2027 (50%).
F2	Of the total number of RSUs, 5,106 RSUs will vest on April 1, 2025, 5,106 RSUs will vest on April 1, 2026, and 10,212 RSUs will vest on April 1, 2027; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.
F3	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
F4	Each performance right represents a contingent right to receive one share of issuer common stock subject to certification of performance following fiscal year 2026. The performance rights vest up to 100% of the listed target number of shares upon issuer common stock achieving a specified average per share closing stock price over a specified number of trading days, and subject to the satisfaction of other vesting conditions, including maintaining a continuous business relationship with the issuer through the payment date.
F5	No later than 90 days following the completion of the audit for issuer's fiscal year ending January 29, 2027, the Compensation Committee of the Board of Directors of the issuer shall determine achievement of performance goals in its sole discretion and the date upon which the Compensation Committee determines such performance shall be the applicable vesting date.