Form 4: Levi Strauss & Co. Executive Harmit J. Singh Reports Acquisition of Stock and Stock Appreciation Rights

EVP & Chief Fin. & Growth Ofc. Harmit J. Singh reports acquisition of Class A Common Stock and Stock Appreciation Rights in Levi Strauss & Co.

Summary

• On January 31, 2025, Harmit J. Singh, EVP & Chief Fin. & Growth Ofc. of Levi Strauss & Co., acquired 42,063 shares of Class A Common Stock at $0.00 per share.
• Following the transaction, Singh directly owns 331,791 shares of Class A Common Stock.
• Singh also acquired 126,189 Stock Appreciation Rights (SARs) with an exercise price of $19.03 on January 31, 2025.
• These SARs vest in four equal installments starting January 30, 2026, and expire on January 30, 2035.
• The SARs are based on 126,189 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock and SARs acquisition by an executive, which is a common practice. The acquisition itself can be seen as a slightly positive sign of confidence.

Positives

• The acquisition of shares and SARs by a high-ranking executive could be interpreted as a positive signal about the executive's confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs and SARs indicates a long-term incentive plan for the executive, aligning their interests with the company's performance over the next several years.

Industry Context

Executive stock ownership and equity-based compensation are common practices in publicly traded companies to incentivize performance and align management's interests with those of shareholders.

Comparison to Industry Standards

• Equity grants to executives are a standard practice across the apparel industry, with companies like Nike, Adidas, and Gap also utilizing stock options and restricted stock units as part of their compensation packages.
• The vesting schedules and terms of these grants are typically designed to incentivize long-term performance and retention.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates

Keywords

Stock Appreciation Rights, Class A Common Stock, Beneficial Ownership, Harmit J. Singh, Levi Strauss & Co., Form 4, Acquisition