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

Elizabeth T. O'Neill, EVP & Chief Operations Officer at Levi Strauss & Co., exercised stock appreciation rights and converted Class B common stock to Class A common stock on January 6, 2025.

Summary

• Elizabeth T. O'Neill, an executive at Levi Strauss & Co., engaged in several transactions involving the company's stock on January 6, 2025.
• She exercised stock appreciation rights for 66,940 shares of Class B common stock, which were then converted into Class A common stock.
• Additionally, 47,550 shares were withheld by the company to cover the exercise price and taxes related to the stock appreciation rights.
• O'Neill also converted 19,390 shares of Class B common stock into Class A common stock.
• Following these transactions, O'Neill directly owns 104,250 shares of Class A common stock and 2,760 shares of Class A common stock indirectly.
• She also holds 22,150 shares of Class A common stock indirectly.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading disclosures, which are neutral to slightly positive as they indicate alignment of executive interests with shareholders.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into executive stock ownership and compensation.

Comparison to Industry Standards

• Stock appreciation rights and stock conversions are common forms of executive compensation in publicly traded companies like Levi Strauss & Co.
• The reporting of these transactions via SEC Form 4 is a standard practice for all companies listed on US stock exchanges.
• Comparable companies such as VF Corporation (VFC) and PVH Corp (PVH) also regularly report similar insider transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• The conversion of Class B to Class A shares does not materially affect the overall share structure.

Key Dates

Keywords

stock appreciation rights, Class A common stock, Class B common stock, executive compensation, insider trading, Levi Strauss & Co., stock conversion