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LANDS' END, INC. — Director's Dealing 2023
Mar 21, 2023
32951_dirs_2023-03-21_5280ab58-669d-4d8b-ab82-0f07a9812ea4.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: McCRACKEN BERNARD LOUIS III (Interim CFO, Controller & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-18 | Common Stock | M | 932 | $0.00 | Acquired | 18325 | Direct |
| 2023-03-18 | Common Stock | F | 348 | $8.67 | Disposed | 17977 | Direct |
| 2023-03-19 | Common Stock | M | 4051 | $0.00 | Acquired | 22028 | Direct |
| 2023-03-19 | Common Stock | F | 1512 | $8.67 | Disposed | 20516 | Direct |
| 2023-03-19 | Common Stock | M | 626 | $0.00 | Acquired | 21142 | Direct |
| 2023-03-19 | Common Stock | F | 234 | $8.67 | Disposed | 20908 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-18 | Restricted Stock Units | $0.00 | M | 932 | Disposed | Common Stock (932) | Direct | |
| 2023-03-19 | Restricted Stock Units | $0.00 | M | 4051 | Disposed | Common Stock (4051) | Direct | |
| 2023-03-19 | Restricted Stock Units | $0.00 | M | 626 | Disposed | Common Stock (626) | 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, 1,252 RSUs will vest on March 19, 2024; 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 maintaining continued employment or a continuous business relationship.