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LANDS' END, INC. — Director's Dealing 2023
Mar 21, 2023
32951_dirs_2023-03-21_5549382b-f947-4b55-8018-bda481a32dc3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LANDS' END, INC. (LE)
CIK: 0000799288
Period of Report: 2023-03-18
Reporting Person: Rasmusen Sarah W. (CHIEF INNOVATION OFFICER)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-18 | Common Stock | M | 2996 | $0.00 | Acquired | 25884 | Direct |
| 2023-03-18 | Common Stock | F | 1118 | $8.67 | Disposed | 24766 | Direct |
| 2023-03-19 | Common Stock | M | 11474 | $0.00 | Acquired | 36240 | Direct |
| 2023-03-19 | Common Stock | F | 3815 | $8.67 | Disposed | 32425 | Direct |
| 2023-03-19 | Common Stock | M | 1951 | $0.00 | Acquired | 34376 | Direct |
| 2023-03-19 | Common Stock | F | 625 | $8.67 | Disposed | 33751 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-18 | Restricted Stock Units | $0.00 | M | 2996 | Disposed | Common Stock (2996) | Direct | |
| 2023-03-19 | Restricted Stock Units | $0.00 | M | 11474 | Disposed | Common Stock (11474) | Direct | |
| 2023-03-19 | Restricted Stock Units | $0.00 | M | 1951 | Disposed | Common Stock (1951) | Direct |
Footnotes
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: 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%).
F4: 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%).
F5: 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%).
F6: Of the total number of RSUs, 3,902 RSUs will vest on March 19, 2024; 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 maintaining continued employment or a continuous business relationship.