Peter L. Gray - Mar 18, 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
EVP, CAO and General Counsel
Signature
/s/ Peter L. Gray
Stock symbol
LE
Transactions as of
Mar 18, 2022
Transactions value $
-$64,160
Form type
4
Date filed
3/22/2022, 05:09 PM
Previous filing
May 11, 2021
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LE Common Stock Options Exercise $0 +7.69K +13.04% $0.00 66.7K Mar 19, 2022 Direct F1
transaction LE Common Stock Tax liability -$47.9K -2.32K -3.48% $20.65 64.4K Mar 19, 2022 Direct F2
transaction LE Common Stock Options Exercise $0 +2.62K +4.06% $0.00 67K Mar 19, 2022 Direct F1
transaction LE Common Stock Tax liability -$16.2K -786 -1.17% $20.65 66.2K Mar 19, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LE Restricted Stock Units Award $0 +15.7K +37.11% $0.00 58.1K Mar 18, 2022 Common Stock 15.7K $0.00 Direct F1, F3
transaction LE Restricted Stock Units Options Exercise $0 -7.69K -13.25% $0.00 50.4K Mar 19, 2022 Common Stock 7.69K $0.00 Direct F1, F4
transaction LE Restricted Stock Units Options Exercise $0 -2.62K -5.19% $0.00 47.7K Mar 19, 2022 Common Stock 2.62K $0.00 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
F2 Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
F3 These are time-based RSUs that will vest, subject to satisfaction of vesting conditions including a continuous business relationship, in three annual installments on March 18, 2023 (25%), March 18, 2024 (25%) and March 18, 2025 (50%).
F4 This RSU award was granted on March 19, 2020, with vesting in three installments on March 19, 2021 (25%), March 19, 2022 (25%) and March 19, 2023 (50%).
F5 This RSU award was granted on March 19, 2021, with vesting in three installments on March 19, 2022 (25%), March 19, 2023 (25%) and March 19, 2024 (50%).
F6 Of the total number of RSUs, 8,789 RSUs will vest on March 25, 2022; 15,389 RSUs will vest on March 19, 2023; 2,617 RSUs will vest on March 19, 2023, and 5,234 RSUs will vest on March 19, 2024; 3,928 RSUs will vest on March 18, 2023, 3,929 RSUs will vest on March 18, 2024, and 7,857 RSUs will vest on March 18, 2025; subject in each case to the satisfaction of vesting conditions, including as applicable, continued employment or a continuous business relationship.