It’s a pocket clip….
Have more than one l’man and so have used the stainless clip, it’s the same with a pretty standard anodised / coated covering in black. I can see the coating wear off, my stainless clips are great and these are the ones to fit the wave and other series and they do that well. Nice fit, deep carry, easy to install. Loses one star as I know the coating will scratch and rub off but it looks cool! Great service as ever from HH