Jerome Griffith - 18 Mar 2023 Form 4 Insider Report for LANDS' END, INC. (LE)

Role
Director
Signature
/s/ Peter L. Gray as attorney-in-fact for Jerome S. Griffith
Issuer symbol
LE
Transactions as of
18 Mar 2023
Net transactions value
-$275,489
Form type
4
Filing time
21 Mar 2023, 16:12:02 UTC
Previous filing
08 Jun 2022
Next filing
12 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 +15,254 $0.000000 15,254 18 Mar 2023 Direct F1
transaction LE Common Stock Tax liability $47,685 -5,500 -36% $8.67 9,754 18 Mar 2023 Direct F2
transaction LE Common Stock Options Exercise $0 +62,366 +639% $0.000000 72,120 19 Mar 2023 Direct F1
transaction LE Common Stock Tax liability $194,928 -22,483 -31% $8.67 49,637 19 Mar 2023 Direct F2
transaction LE Common Stock Options Exercise $0 +10,518 +21% $0.000000 60,155 19 Mar 2023 Direct F1
transaction LE Common Stock Tax liability $32,877 -3,792 -6.3% $8.67 56,363 19 Mar 2023 Direct F2
holding LE Common Stock 402,026 18 Mar 2023 Jerome Griffith Revocable Trust F3

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 -15,254 -9.8% $0.000000 139,681 18 Mar 2023 Common Stock 15,254 $0.000000 Direct F1, F4
transaction LE Restricted Stock Units Options Exercise $0 -62,366 -45% $0.000000 77,315 19 Mar 2023 Common Stock 62,366 $0.000000 Direct F1, F5
transaction LE Restricted Stock Units Options Exercise $0 -10,518 -14% $0.000000 66,797 19 Mar 2023 Common Stock 10,518 $0.000000 Direct F1, F6, F7
* 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 The reporting person contributed 94,868 shares to the Jerome Griffith Revocable Trust on April 8, 2022, in a transaction that resulted in a change in the form of beneficial ownership from direct to indirect.
F4 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%).
F5 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%).
F6 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%).
F7 Of the total number of RSUs, 21,035 RSUs will vest on March 19, 2024; 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 maintaining continued employment or a continuous business relationship.