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

Role
Chief Executive Officer, Director
Signature
/s/ Peter L. Gray as attorney-in-fact for Jerome S. Griffith
Issuer symbol
LE
Transactions as of
24 Mar 2022
Net transactions value
-$1,025,744
Form type
4
Filing time
28 Mar 2022, 17:47:41 UTC
Previous filing
22 Mar 2022
Next filing
08 Jun 2022
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 +86,642 +306% $0.000000 114,996 24 Mar 2022 Direct F1
transaction LE Common Stock Tax liability $726,007 -39,586 -34% $18.34 75,410 24 Mar 2022 Direct F2
transaction LE Common Stock Options Exercise $0 +36,714 +49% $0.000000 112,124 25 Mar 2022 Direct F3
transaction LE Common Stock Tax liability $299,737 -17,256 -15% $17.37 94,868 25 Mar 2022 Direct F2
holding LE Common Stock 307,158 24 Mar 2022 Jerome Griffith Revocable Trust

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 -36,714 -19% $0.000000 154,935 25 Mar 2022 Common Stock 36,714 $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, 62,366 RSUs will vest on March 19, 2023; 10,518 RSUs will vest on March 19, 2023, and 21,035 RSUs will vest on March 19, 2024; 15,254 RSUs will vest on March 18, 2023, 15,254 RSUs will vest on March 18, 2024, and 30,508 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.