James F. Gooch - 24 Mar 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role: President and CFO
Signature: /s/ Peter L. Gray as attorney-in-fact for James F. Gooch
Issuer symbol: LE
Transactions as of: 24 Mar 2022
Net transactions value: -$172,281
Form type: 4
Filing time: 28 Mar 2022, 17:48:20 UTC
Previous filing: 22 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	Award	$0	+25,316	+29%	$0.000000	112,183	24 Mar 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	$122,933	-6,703	-6%	$18.34	105,480	24 Mar 2022	Direct	F2
transaction	LE	Common Stock	Options Exercise	$0	+10,729	+10%	$0.000000	116,209	25 Mar 2022	Direct	F3
transaction	LE	Common Stock	Tax liability	$49,348	-2,841	-2.4%	$17.37	113,368	25 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	Options Exercise	$0	-10,729	-17%	$0.000000	51,698	25 Mar 2022	Common Stock	10,729	$0.000000	Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares issued upon determination that performance criteria, related to performance-based RSUs awarded on March 25, 2019, had been met.
F2	Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
F3	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
F4	This RSU award was granted on March 25, 2019, with vesting in three installments on March 25, 2020 (25%), March 25, 2021 (25%) and March 25, 2022 (50%).
F5	Of the total number of RSUs, 18,764 RSUs will vest on March 19, 2023; 3,916 RSUs will vest on March 19, 2023, and 7,832 RSUs will vest on March 19, 2024; 5,296 RSUs will vest on March 18, 2023, 5,297 RSUs will vest on March 18, 2024, and 10,593 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.