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LANDS' END, INC. — Director's Dealing 2023
Mar 21, 2023
32951_dirs_2023-03-21_e70448e4-41c2-46e7-afba-bbe1e418fbb9.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: Griffith Jerome (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-18 | Common Stock | M | 15254 | $0.00 | Acquired | 15254 | Direct |
| 2023-03-18 | Common Stock | F | 5500 | $8.67 | Disposed | 9754 | Direct |
| 2023-03-19 | Common Stock | M | 62366 | $0.00 | Acquired | 72120 | Direct |
| 2023-03-19 | Common Stock | F | 22483 | $8.67 | Disposed | 49637 | Direct |
| 2023-03-19 | Common Stock | M | 10518 | $0.00 | Acquired | 60155 | Direct |
| 2023-03-19 | Common Stock | F | 3792 | $8.67 | Disposed | 56363 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-18 | Restricted Stock Units | $0.00 | M | 15254 | Disposed | Common Stock (15254) | Direct | |
| 2023-03-19 | Restricted Stock Units | $0.00 | M | 62366 | Disposed | Common Stock (62366) | Direct | |
| 2023-03-19 | Restricted Stock Units | $0.00 | M | 10518 | Disposed | Common Stock (10518) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 402026 | Indirect |
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: 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.