Sarah W. Rasmusen - 24 Mar 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Role: EVP, CHIEF CUSTOMER OFFICER
Signature: /s/ Peter L. Gray as attorney-in-fact for Sarah W. Rasmusen
Issuer symbol: LE
Transactions as of: 24 Mar 2022
Net transactions value: -$80,996
Form type: 4
Filing time: 28 Mar 2022, 17:48:30 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	+9,844	+74%	$0.000000	23,202	24 Mar 2022	Direct	F1
transaction	LE	Common Stock	Tax liability	$57,789	-3,151	-14%	$18.34	20,051	24 Mar 2022	Direct	F2
transaction	LE	Common Stock	Options Exercise	$0	+4,173	+21%	$0.000000	24,224	25 Mar 2022	Direct	F3
transaction	LE	Common Stock	Tax liability	$23,206	-1,336	-5.5%	$17.37	22,888	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	-4,173	-12%	$0.000000	29,312	25 Mar 2022	Common Stock	4,173	$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, 11,474 RSUs will vest on March 19, 2023; 1,951 RSUs will vest on March 19, 2023, and 3,902 RSUs will vest on March 19, 2024; 2,996 RSUs will vest on March 18, 2023, 2,996 RSUs will vest on March 18, 2024, and 5,993 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.