Peter L. Gray - Mar 24, 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 24, 2022
Transactions value $: -$166,649
Form type: 4
Date filed: 3/28/2022, 05:46 PM
Previous filing: Mar 22, 2022
Next filing: Mar 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LE	Common Stock	Award	$0	+20.7K	+31.32%	$0.00	87K	Mar 24, 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	-$119K	-6.48K	-7.46%	$18.34	80.5K	Mar 24, 2022	Direct	F2
transaction	LE	Common Stock	Options Exercise	$0	+8.79K	+10.92%	$0.00	89.3K	Mar 25, 2022	Direct	F3
transaction	LE	Common Stock	Tax liability	-$47.7K	-2.75K	-3.08%	$17.37	86.5K	Mar 25, 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	-8.79K	-18.41%	$0.00	39K	Mar 25, 2022	Common Stock	8.79K	$0.00	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, 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.