Andrew J. McLean - Jun 14, 2024 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, 2024
Transactions value $
-$225,197
Form type
4
Date filed
6/18/2024, 04:05 PM
Previous filing
Apr 3, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LE Common Stock Options Exercise $0 +36.9K +187.64% $0.00 56.5K Jun 14, 2024 Direct F1
transaction LE Common Stock Tax liability -$225K -15.6K -27.62% $14.42 40.9K Jun 14, 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 -36.9K -11.41% $0.00 287K Jun 14, 2024 Common Stock 36.9K $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") 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 June 14, 2023, with vesting in three installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
F4 Of the total number of RSUs, 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; and 22,281 RSUs will vest on April 1, 2025, 22,281 RSUs will vest on April 1, 2026 and 44,562 RSUs will vest on April 1, 2027; subject in each case to the satisfaction of vesting conditions, including as applicable, maintaining continued employment or a continuous business relationship.