Form 4: Levi Strauss & Co. Executive David Jedrzejek Reports Acquisition of Shares

David Jedrzejek, SVP and General Counsel of Levi Strauss & Co., reports the acquisition of shares through restricted stock units and an employee stock purchase plan.

Summary

• On November 6, 2024, David Jedrzejek, SVP and General Counsel of Levi Strauss & Co., acquired 55,648 shares of Class A Common Stock at $0.00 per share.
• These shares were obtained through restricted stock units (RSUs) which vest in four equal installments starting November 6, 2025.
• Jedrzejek also acquired 463 shares on July 15, 2024, through the company's employee stock purchase plan.
• Following these transactions, Jedrzejek beneficially owns 103,645 shares of Levi Strauss & Co. Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices and aligns executive interests with shareholder value. There are no indications of negative events or concerns.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs indicates a long-term incentive for the executive, aligning his interests with the company's performance over the next four years.

Industry Context

Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. This filing reflects standard compensation practices.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonus, and equity-based compensation, such as stock options and restricted stock units.
• Companies like Nike (NKE) and Adidas (ADS.DE) also utilize similar equity-based compensation plans for their executives.
• The vesting schedules for RSUs are typically between 3 to 5 years, which is consistent with the vesting schedule reported in this filing.

Stakeholder Impact

• The acquisition of shares by an executive can positively influence shareholder confidence.

Key Dates