BERNARD LOUIS McCRACKEN III - Mar 24, 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
Stock symbol
LE
Transactions as of
Mar 24, 2022
Transactions value $
-$45,934
Form type
4
Date filed
3/28/2022, 05:48 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 +5.49K +45.35% $0.00 17.6K Mar 24, 2022 Direct F1
transaction LE Common Stock Tax liability -$33K -1.8K -10.22% $18.34 15.8K Mar 24, 2022 Direct F2
transaction LE Common Stock Options Exercise $0 +2.33K +14.72% $0.00 18.1K Mar 25, 2022 Direct F3
transaction LE Common Stock Tax liability -$12.9K -745 -4.11% $17.37 17.4K 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 -2.33K -19.42% $0.00 9.66K Mar 25, 2022 Common Stock 2.33K $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, 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.