Form 4: Levi Strauss CEO Michelle Gass Boosts Stake
Insider Transaction Report
Levi Strauss & Co. CEO Michelle Gass increased her direct ownership of Class A Common Stock following the vesting of performance-based restricted stock units.
Summary
- Michelle Gass, President & CEO and Director of Levi Strauss & Co., reported changes in her beneficial ownership of Class A Common Stock.
- On January 22, 2026, 225,247 performance-based restricted stock units (PRSUs) vested, resulting in the acquisition of an equal number of Class A Common Stock. These PRSUs were granted on January 27, 2023, and vested upon the Board of Directors certifying the attainment of certain performance criteria.
- Concurrently, 119,888 shares of Class A Common Stock were disposed of at a price of $21.55 per share to cover tax obligations related to the settlement of the vested PRSUs.
- Following these transactions, Michelle Gass directly beneficially owns 665,338 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The vesting of performance-based restricted stock units for the CEO, indicating achievement of performance criteria, is a positive signal, despite a portion of shares being withheld for tax obligations. The net increase in direct beneficial ownership is also a positive indicator of management's alignment with shareholder interests.
Positives
- Vesting of 225,247 performance-based restricted stock units (PRSUs) for the President & CEO, indicating the achievement of specific company performance criteria.
- A net increase in the CEO's direct beneficial ownership of 105,359 Class A Common Stock (225,247 acquired minus 119,888 disposed for taxes).
Negatives
- 119,888 shares of Class A Common Stock were disposed of at $21.55 per share to cover tax obligations, reducing the total number of shares acquired from the PRSU vesting.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This insider transaction report reflects a routine executive compensation event, specifically the vesting of performance-based equity, which is a common practice across various industries to align management incentives with company performance. It does not provide broader industry trend insights.
Stakeholder Impact
- Shareholders may view the vesting of performance-based units and the net increase in CEO ownership as a positive sign of management's commitment and successful achievement of company goals.
Key Dates
| Date | Description |
|---|---|
| 01/27/2023 | Performance-based restricted stock units (PRSUs) were granted to the reporting person. |
| 01/22/2026 | Performance criteria for PRSUs were met, leading to the vesting and issuance of 225,247 shares of Class A Common Stock. |
| 01/26/2026 | Date of signature for the Form 4 filing. |
Keywords
Levi Strauss, LEVI, Michelle Gass, Insider Transaction, Stock Ownership, Restricted Stock Units, Executive Compensation, Form 4
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