RITCHIE KELLY 4
4 · LANDS' END, INC. · Filed Mar 23, 2020
Insider Transaction Report
Form 4
RITCHIE KELLY
See Remarks
Transactions
- Award
Restricted Stock Units
2020-03-19+22,138→ 45,764 totalExercise: $0.00→ Common Stock (22,138 underlying)
Footnotes (3)
- [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, assuming continued employment, in three annual installments on March 19, 2021 (25%), March 19, 2022 (25%) and March 19, 2023 (50%).
- [F3]Of the total number of RSUs, 2,248 RSUs will vest on March 26, 2020; 4,499 RSUs will vest on March 26, 2021; 3,974 RSUs will vest on May 1, 2020; 12,905 RSUs will vest in three annual installments on March 25, 2020 (25%), March 25, 2021 (25%) and March 25, 2022 (50%); and 22,138 RSUs will vest in three annual installments on March 19, 2021 (25%), March 19, 2022 (25%) and March 19, 2023 (50%); subject in each case to the satisfaction of vesting conditions, including continued employment.