Chieh Tsai - 24 Mar 2022 Form 4 Insider Report for LANDS' END, INC. (LE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
28 Mar 2022, 17:49:16 UTC
Prior SEC filing
22 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Peter L. Gray as attorney-in-fact for Chieh Tsai

Key filing fact

Chieh Tsai filed Form 4 for LANDS' END, INC. (LE) on 28 Mar 2022.

Key facts

  • This page summarizes Chieh Tsai's Form 4 filing for LANDS' END, INC. (LE).
  • 5 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 28 Mar 2022, 17:49.

Change

  • Previous filing in this sequence was filed on 22 Mar 2022.
  • Current net transaction value: -$121,052.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LE transaction

Common Stock

Award

Transaction value
$0
Shares
+18,753
Change %
+58%
Price
$0.000000
Shares after
51,027
Date
24 Mar 2022
Ownership
Direct
Footnotes
F1
LE transaction

Common Stock

Tax liability

Transaction value
$86,381
Shares
-4,710
Change %
-9.2%
Price
$18.34
Shares after
46,317
Date
24 Mar 2022
Ownership
Direct
Footnotes
F2
LE transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+7,947
Change %
+17%
Price
$0.000000
Shares after
54,264
Date
25 Mar 2022
Ownership
Direct
Footnotes
F3
LE transaction

Common Stock

Tax liability

Transaction value
$34,671
Shares
-1,996
Change %
-3.7%
Price
$17.37
Shares after
52,268
Date
25 Mar 2022
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-7,947
Change %
-19%
Price
$0.000000
Shares after
34,101
Date
25 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,947
Exercise price
$0.000000
Footnotes
F3, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Shares issued upon determination that performance criteria, related to performance-based RSUs awarded on March 25, 2019, had been met.

Footnote F2

Shares withheld by the issuer to satisfy reporting person's tax withholding obligation incurred in connection with the vesting of RSUs.

Footnote F3

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon satisfaction of the vesting conditions.

Footnote 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%).

Footnote F5

Of the total number of RSUs, 13,499 RSUs will vest on March 19, 2023; 2,295 RSUs will vest on March 19, 2023, and 4,591 RSUs will vest on March 19, 2024; 3,429 RSUs will vest on March 18, 2023, 3,429 RSUs will vest on March 18, 2024, and 6,858 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.

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