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LANDS' END, INC. — Director's Dealing 2023
Jun 16, 2023
32951_dirs_2023-06-16_b017d6c0-9ca3-40b9-afea-23a53be3ae67.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2023-06-14
Reporting Person: McLean Andrew J. (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-06-14 | Restricted Stock Units | $0.00 | A | 147540 | Acquired | Common Stock (147540) | Direct |
Footnotes
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, 28,908 RSUs will vest on November 1, 2023, 28,908 RSUs will vest on November 1, 2024, and 57,817, RSUs will vest on November 1, 2025; 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, subject in each case to the satisfaction of vesting conditions, including as applicable, continued employment or a continuous business relationship.