Form 4: Levi Strauss & Co. Executive Exercises Stock Appreciation Rights

Harmit J. Singh, EVP & Chief Fin. & Growth Ofc. of Levi Strauss & Co., exercised stock appreciation rights, converting Class B Common Stock into Class A Common Stock.

Summary

• On October 1, 2024, Harmit J. Singh, EVP & Chief Fin. & Growth Ofc. of Levi Strauss & Co., exercised stock appreciation rights.
• This involved the conversion of 138,670 shares of Class B Common Stock into Class A Common Stock.
• Additionally, 102,546 shares were withheld by the company to cover the exercise price and taxes.
• Following these transactions, Singh directly owns 36,124 shares of Class A Common Stock.
• The stock appreciation rights were exercised at a price of $9.6, while the withheld shares were valued at $21.8.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider transactions, which doesn't inherently convey positive or negative sentiment. It's a factual report of stock activity.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in the number of Class A shares outstanding.

Key Dates