LANDS' END, INC. — Director's Dealing 2022

Mar 28, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2022-03-24

Reporting Person: Rasmusen Sarah W. (EVP, CHIEF CUSTOMER OFFICER)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-24	Common Stock	A	9844	$0.00	Acquired	23202	Direct
2022-03-24	Common Stock	F	3151	$18.34	Disposed	20051	Direct
2022-03-25	Common Stock	M	4173	$0.00	Acquired	24224	Direct
2022-03-25	Common Stock	F	1336	$17.37	Disposed	22888	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-25	Restricted Stock Units	$0.00	M	4173	Disposed		Common Stock (4173)	Direct

Footnotes

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.