Angela S. Rieger - 14 Jun 2023 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
Chief Transformation Officer
Signature
/s/ Peter L. Gray as attorney-in-fact for Angela S. Rieger
Issuer symbol
LE
Transactions as of
14 Jun 2023
Net transactions value
$0
Form type
4
Filing time
16 Jun 2023, 16:11:24 UTC
Previous filing
16 Jun 2023
Next filing
01 Mar 2024
SEC
View on sec.gov

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 +28,981 +295% $0.000000 38,804 14 Jun 2023 Common Stock 28,981 $0.000000 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 Represents the total number of Restricted Stock Units ("RSUs"): 3,013 RSUs will vest on March 19, 2024; 2,270 RSUs will vest on March 18, 2024 and 4,540 RSUs will vest on March 18, 2025, 7,245 RSUs will vest on June 14, 2024, 7,245 RSUs will vest on June 14, 2025, and 14,491 RSUs will vest on June 14, 2026, subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.