Form 4: Levi Strauss & Co. Executive Receives Stock Awards and Rights

David Jedrzejek, SVP and General Counsel at Levi Strauss & Co., reports acquisition of restricted stock units and stock appreciation rights.

Summary

• David Jedrzejek, a Senior Vice President and General Counsel at Levi Strauss & Co., filed a Form 4 detailing changes in beneficial ownership.
• On January 31, 2025, Jedrzejek acquired 14,021 shares of Class A Common Stock in the form of restricted stock units (RSUs) at $0.00 per share.
• These RSUs vest in four equal installments of 25% on January 30, 2026, January 29, 2027, January 28, 2028, and January 26, 2029, contingent upon continued service.
• Jedrzejek also acquired 42,063 Stock Appreciation Rights (SARs) with an exercise price of $19.03, also vesting in four equal installments on the same dates as the RSUs, and expiring on January 30, 2035.
• Following these transactions, Jedrzejek directly owns 118,791 shares of Class A Common Stock and 42,063 Stock Appreciation Rights.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating a positive alignment of interests between management and shareholders. It's a routine event, but generally viewed favorably.

Positives

• The granting of RSUs and SARs aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.
• The vesting schedule encourages continued service and commitment from the executive.

Industry Context

Stock awards are a common practice in publicly traded companies to incentivize executives and align their interests with shareholders. The vesting schedule is a standard mechanism to ensure continued service.

Comparison to Industry Standards

• Levi Strauss & Co.'s executive compensation practices, including the use of RSUs and stock appreciation rights, are generally in line with industry standards for publicly traded companies of similar size and scope.
• Companies like Nike, Adidas, and Gap also utilize similar equity-based compensation plans to incentivize their executives.
• The vesting schedules and performance metrics associated with these awards are typically benchmarked against industry peers to ensure competitiveness and alignment with shareholder value creation.

Stakeholder Impact

• The stock awards can potentially increase shareholder value if the executive's performance leads to company growth.
• Employees may view the awards as a positive sign of the company's commitment to its leadership.

Key Dates