The List Menu element displays one of your WordPress menus or a simple custom list of links. Unlike the Fullwidth Sub Menu, it can be placed inside a column, and the links can be listed vertically or horizontally.

Which kind of menu do you want to display:

• Use existing menu – select a menu created in Dashboard > Appearance > Menus
• Build simple custom list – add, remove, and edit the entries directly in the element

List Direction: Vertical stacks the entries below each other; Horizontal places them beside each other and wraps into a new line when it runs out of space.
List Alignment: Left, Center, or Right.

The Styling tab offers link colors and hover colors, link background colors, font size, text transform, text decoration, letter spacing, and link padding. The link padding sits on the link itself, so it enlarges the clickable area instead of only spacing the text apart.