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LANDS' END, INC. — Director's Dealing 2025
Mar 26, 2025
32951_dirs_2025-03-26_aa93ba65-17f3-4017-9d1e-7909856da75f.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: 2025-03-24
Reporting Person: GRAY PETER L (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-24 | Restricted Stock Units | $0.00 | A | 27289 | Acquired | Common Stock (27289) | Direct | |
| 2025-03-24 | Performance Rights | $ | A | 13644 | Acquired | Common Stock (13644) | 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 March 24, 2026 (25%), March 24, 2027 (25%) and March 24, 2028 (50%).
F3: Of the total number of RSUs, 10,868 RSUs will vest on June 14, 2025 and 21,736 RSUs will vest on June 14, 2026; 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; and 6,822 will vest on March 24, 2026, 6,822 will vest on March 24, 2027 and 13,645 will vest on March 24, 2028; subject in each case to the satisfaction of vesting conditions, including maintaining a continuous business relationship.
F4: Each performance right represents a contingent right to receive one share of issuer common stock subject to certification of performance following fiscal year 2027. The performance rights vest up to 100% of the listed target number of shares upon issuer common stock achieving a specified average per share closing stock price over a specified number of trading days, and subject to the satisfaction of other vesting conditions, including maintaining a continuous business relationship with the issuer through the payment date.
F5: No later than 90 days following the completion of the audit for issuer's fiscal year ending January 28, 2028, the Compensation Committee of the Board of Directors of the issuer shall determine achievement of performance goals in its sole discretion and the date upon which the Compensation Committee determines such performance shall be the applicable vesting date.