Bernard L. McCracken - 24 Mar 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
VP, Controller & Chf Acct Ofc
Signature
/s/ Peter L. Gray as attorney-in-fact for Bernard L. McCracken
Issuer symbol
LE
Transactions as of
24 Mar 2022
Net transactions value
-$45,934
Form type
4
Filing time
28 Mar 2022, 17:48:08 UTC
Previous filing
22 Mar 2022
Next filing
21 Mar 2023
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 +5,494 +45% $0.000000 17,609 24 Mar 2022 Direct F1
transaction LE Common Stock Tax liability $32,994 -1,799 -10% $18.34 15,810 24 Mar 2022 Direct F2
transaction LE Common Stock Options Exercise $0 +2,328 +15% $0.000000 18,138 25 Mar 2022 Direct F3
transaction LE Common Stock Tax liability $12,941 -745 -4.1% $17.37 17,393 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 -2,328 -19% $0.000000 9,657 25 Mar 2022 Common Stock 2,328 $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, 4,051 RSUs will vest on March 19, 2023; 626 RSUs will vest on March 19, 2023, and 1,252 RSUs will vest on March 19, 2024; 932 RSUs will vest on March 18, 2023, 932 RSUs will vest on March 18, 2024, and 1,864 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.