Sarah W. Rasmusen - 18 Mar 2023 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
CHIEF INNOVATION OFFICER
Signature
/s/ Peter L. Gray as attorney-in-fact for Sarah W. Rasmusen
Issuer symbol
LE
Transactions as of
18 Mar 2023
Net transactions value
-$48,188
Form type
4
Filing time
21 Mar 2023, 16:13:19 UTC
Previous filing
28 Mar 2022
Next filing
16 Jun 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 Options Exercise $0 +2,996 +13% $0.000000 25,884 18 Mar 2023 Direct F1
transaction LE Common Stock Tax liability $9,693 -1,118 -4.3% $8.67 24,766 18 Mar 2023 Direct F2
transaction LE Common Stock Options Exercise $0 +11,474 +46% $0.000000 36,240 19 Mar 2023 Direct F1
transaction LE Common Stock Tax liability $33,076 -3,815 -11% $8.67 32,425 19 Mar 2023 Direct F2
transaction LE Common Stock Options Exercise $0 +1,951 +6% $0.000000 34,376 19 Mar 2023 Direct F1
transaction LE Common Stock Tax liability $5,419 -625 -1.8% $8.67 33,751 19 Mar 2023 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 -2,996 -10% $0.000000 26,316 18 Mar 2023 Common Stock 2,996 $0.000000 Direct F1, F3
transaction LE Restricted Stock Units Options Exercise $0 -11,474 -44% $0.000000 14,842 19 Mar 2023 Common Stock 11,474 $0.000000 Direct F1, F4
transaction LE Restricted Stock Units Options Exercise $0 -1,951 -13% $0.000000 12,891 19 Mar 2023 Common Stock 1,951 $0.000000 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.
F2 Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.
F3 This RSU award was granted on March 18, 2022, with vesting in three installments on March 18, 2023 (25%), March 18, 2024 (25%) and March 18, 2025 (50%).
F4 This RSU award was granted on March 19, 2020, with vesting in three installments on March 19, 2021 (25%), March 19, 2022 (25%) and March 19, 2023 (50%).
F5 This RSU award was granted on March 19, 2021, with vesting in three installments on March 19, 2022 (25%), March 19, 2023 (25%) and March 19, 2024 (50%).
F6 Of the total number of RSUs, 3,902 RSUs will vest on March 19, 2024; 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 maintaining continued employment or a continuous business relationship.