Peter L. Gray - Jun 14, 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
Jun 14, 2024
Transactions value $
-$51,004
Form type
4
Date filed
6/18/2024, 04:07 PM
Previous 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 +10.9K +10.12% $0.00 118K Jun 14, 2024 Direct F1
transaction LE Common Stock Tax liability -$51K -3.54K -2.99% $14.42 115K 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 -10.9K -14.01% $0.00 66.7K Jun 14, 2024 Common Stock 10.9K $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, 7,857 RSUs will vest on March 18, 2025; 10,868 RSUs will vest on June 14, 2025 and 21,736 RSUs will vest on June 14, 2026; and 6,564 RSUs will vest on April 1, 2025, 6,565 RSUs will vest on April 1, 2026 and 13,130 RSUs will vest on April 1, 2027; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.