Form 4: Levi Strauss & Co. Executive Sells Shares to Cover Tax Obligations

Elizabeth T. O'Neill, EVP & Chief Operations Officer at Levi Strauss & Co., sold 6,879 shares of Class A Common Stock to cover tax obligations related to vested RSUs.

Summary

• Elizabeth T. O'Neill, an Executive Vice President and Chief Operations Officer at Levi Strauss & Co., sold 6,879 shares of Class A Common Stock on January 24, 2025.
• The sale was executed at a price of $17.54 per share.
• This transaction was to cover tax obligations arising from the settlement of vested Restricted Stock Units (RSUs).
• Following the transaction, O'Neill directly owns 109,312 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when RSUs vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with stock-based compensation.
• Companies like Gap Inc. and PVH Corp. also see similar Form 4 filings from their executives related to RSU vesting and tax obligations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Levi Strauss & Co, insider trading, stock sale, executive, Form 4, RSU, tax obligations, equity