0000950170-24-041033.txt : 20240403
0000950170-24-041033.hdr.sgml : 20240403
20240403160250
ACCESSION NUMBER: 0000950170-24-041033
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: GRAY PETER L
CENTRAL INDEX KEY: 0001229628
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09769
FILM NUMBER: 24818624
MAIL ADDRESS:
STREET 1: C/O TUMI HOLDINGS INC
STREET 2: 1001 DURHAM AVE
CITY: SOUTH PLAINFIELD
STATE: NJ
ZIP: 07080
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
0001229628
GRAY PETER L
1 LANDS' END LANE
DODGEVILLE
WI
53595
false
true
false
false
CCO, CAO and General Counsel
false
Restricted Stock Units
0.00
2024-04-01
4
A
false
26259
0
A
Common Stock
26259
77587
D
Performance Rights
2024-04-01
4
A
false
13129
0.00
A
Common Stock
13129
13129
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, 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.
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
2024-04-03