CHIEH TSAI - 18 Mar 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
EVP, Chief Product Officer
Signature
/s/ Peter L. Gray as attorney-in-fact for Chieh Tsai
Issuer symbol
LE
Transactions as of
18 Mar 2022
Net transactions value
-$48,032
Form type
4
Filing time
22 Mar 2022, 17:12:08 UTC
Next filing
28 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LE Common Stock Options Exercise $0 +6,749 +26% $0.000000 32,305 19 Mar 2022 Direct F1
transaction LE Common Stock Tax liability $36,117 -1,749 -5.4% $20.65 30,556 19 Mar 2022 Direct F2
transaction LE Common Stock Options Exercise $0 +2,295 +7.5% $0.000000 32,851 19 Mar 2022 Direct F1
transaction LE Common Stock Tax liability $11,915 -577 -1.8% $20.65 32,274 19 Mar 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 +13,716 +37% $0.000000 51,092 18 Mar 2022 Common Stock 13,716 $0.000000 Direct F1, F3
transaction LE Restricted Stock Units Options Exercise $0 -6,749 -13% $0.000000 44,343 19 Mar 2022 Common Stock 6,749 $0.000000 Direct F1, F4
transaction LE Restricted Stock Units Options Exercise $0 -2,295 -5.2% $0.000000 42,048 19 Mar 2022 Common Stock 2,295 $0.000000 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, 7,947 RSUs will vest on March 25, 2022; 13,499 RSUs will vest on March 19, 2023; 2,295 RSUs will vest on March 19, 2023, and 4,591 RSUs will vest on March 19, 2024; 3,429 RSUs will vest on March 18, 2023, 3,429 RSUs will vest on March 18, 2024, and 6,858 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.