Sarah W. Rasmusen - Jun 14, 2023 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
CHIEF INNOVATION OFFICER
Signature
/s/ Peter L. Gray as attorney-in-fact for Sarah W. Rasmusen
Stock symbol
LE
Transactions as of
Jun 14, 2023
Transactions value $
$0
Form type
4
Date filed
6/16/2023, 04:09 PM
Previous filing
Mar 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 LE Restricted Stock Units Award $0 +29.9K +231.56% $0.00 42.7K Jun 14, 2023 Common Stock 29.9K $0.00 Direct F1, F2, F3
* 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 These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on June 14, 2024 (25%), June 14, 2025 (25%) and June 14, 2026 (50%).
F3 Of the total number of RSUs, 3,902 RSUs will vest on March 19, 2024; 2,996 RSUs will vest on March 18, 2024, and 5,993 RSUs will vest on March 18, 2025; 7,462 RSUs will vest on June 14, 2024, 7,463 RSUs will vest on June 14, 2025, and 14,925 RSUs will vest on June 14, 2026, subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.