Andrew J. McLean - 01 Nov 2023 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
Issuer symbol
LE
Transactions as of
01 Nov 2023
Net transactions value
-$56,524
Form type
4
Filing time
02 Nov 2023, 16:19:08 UTC
Previous filing
16 Jun 2023
Next filing
03 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LE Common Stock Options Exercise $0 +28,908 $0.000000 28,908 01 Nov 2023 Direct F1
transaction LE Common Stock Tax liability $56,524 -9,251 -32% $6.11 19,657 01 Nov 2023 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 -28,908 -11% $0.000000 234,265 01 Nov 2023 Common Stock 28,908 $0.000000 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") represented 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 November 1, 2022, with vesting in three installments on November 1, 2023 (25%), November 1, 2024 (25%) and November 1, 2025 (50%).
F4 Of the total number of RSUs, 36,885 RSUs will vest on June 14, 2024, 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; subject in each case to the satisfaction of vesting conditions, including as applicable, maintaining continued employment or a continuous business relationship.