0000950170-24-041047.txt : 20240403 0000950170-24-041047.hdr.sgml : 20240403 20240403160606 ACCESSION NUMBER: 0000950170-24-041047 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240401 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240403 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McLean Andrew J. CENTRAL INDEX KEY: 0001743026 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-09769 FILM NUMBER: 24818706 MAIL ADDRESS: STREET 1: 77 HOT METAL STREET CITY: PITTSBURGH STATE: PA ZIP: 15203 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: LANDS' END, INC. CENTRAL INDEX KEY: 0000799288 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 362512786 STATE OF INCORPORATION: DE FISCAL YEAR END: 0127 BUSINESS ADDRESS: STREET 1: ONE LANDS' END LN CITY: DODGEVILLE STATE: WI ZIP: 53595 BUSINESS PHONE: 6089359341 MAIL ADDRESS: STREET 1: ONE LANDS' END LANE STREET 2: ONE LANDS' END LANE CITY: DODGEVILLE STATE: WI ZIP: 53595 FORMER COMPANY: FORMER CONFORMED NAME: LAND'S END, INC. DATE OF NAME CHANGE: 20140527 FORMER COMPANY: FORMER CONFORMED NAME: LAND'S END, INC DATE OF NAME CHANGE: 20140527 FORMER COMPANY: FORMER CONFORMED NAME: LANDS END INC DATE OF NAME CHANGE: 19920703 4 1 ownership.xml 4 X0508 4 2024-04-01 0000799288 LANDS' END, INC. LE 0001743026 McLean Andrew J. 1 LANDS' END LANE DODGEVILLE WI 53595 true true false false Chief Executive Officer false Restricted Stock Units 0.00 2024-04-01 4 A false 89124 0 A Common Stock 89124 323389 D Performance Rights 2024-04-01 4 A false 44562 0 A Common Stock 44562 44562 D Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions. 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%). 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; and 22,281 RSUs will vest on April 1, 2025, 22,281 RSUs will vest on April 1, 2026, and 44,562 RSUs will vest on April 1, 2027; subject in each case to the satisfaction of vesting conditions, including as applicable, maintaining continued employment or a continuous business relationship. 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. 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. /s/ Peter L. Gray as attorney-in-fact for Andrew J. McLean 2024-04-03