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: McCRACKEN BERNARD LOUIS III (VP, Controller & Chf Acct Ofc)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-24	Common Stock	A	5494	$0.00	Acquired	17609	Direct
2022-03-24	Common Stock	F	1799	$18.34	Disposed	15810	Direct
2022-03-25	Common Stock	M	2328	$0.00	Acquired	18138	Direct
2022-03-25	Common Stock	F	745	$17.37	Disposed	17393	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-25	Restricted Stock Units	$0.00	M	2328	Disposed		Common Stock (2328)	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, 4,051 RSUs will vest on March 19, 2023; 626 RSUs will vest on March 19, 2023, and 1,252 RSUs will vest on March 19, 2024; 932 RSUs will vest on March 18, 2023, 932 RSUs will vest on March 18, 2024, and 1,864 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.