4//SEC Filing
GRAY PETER L 4
Accession 0000950170-24-041033
CIK 0000799288other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:02 PM ET
Size
9.3 KB
Accession
0000950170-24-041033
Insider Transaction Report
Form 4
GRAY PETER L
PRES LE Licensing, CAO & GC
Transactions
- Award
Restricted Stock Units
2024-04-01+26,259→ 77,587 totalExercise: $0.00→ Common Stock (26,259 underlying) - Award
Performance Rights
2024-04-01+13,129→ 13,129 total→ Common Stock (13,129 underlying)
Footnotes (5)
- [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 April 1, 2025 (25%), April 1, 2026 (25%) and April 1, 2027 (50%).
- [F3]Of the total number of RSUs, 7,857 RSUs will vest on March 18, 2025; 10,867 RSUs will vest on June 14, 2024, 10,868 RSUs will vest on June 14, 2025, and 21,736 RSUs will vest on June 14, 2026; and 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; 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 2026. 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 29, 2027, 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.
Documents
Issuer
LANDS' END, INC.
CIK 0000799288
Entity typeother
Related Parties
1- filerCIK 0001229628
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:02 PM ET
- Size
- 9.3 KB