Form 4: Levi Strauss Executive Receives Equity Awards

Levi Strauss & Co.'s EVP & Chief Financial & Growth Officer, Harmit J Singh, reported the acquisition of restricted stock units and stock appreciation rights, alongside shares withheld for tax obligations.

Summary

• Harmit J Singh, EVP & Chief Financial & Growth Officer of Levi Strauss & Co., acquired 38,787 Class A Common Stock in the form of Restricted Stock Units (RSUs) on January 30, 2026.
• These RSUs are scheduled to vest in four equal installments of 25% on January 29, 2027, January 28, 2028, January 26, 2029, and January 25, 2030, contingent on continuous service.
• Concurrently, 16,986 Class A Common Stock shares were disposed of at a price of $19.88 per share on January 30, 2026, to cover tax obligations arising from the settlement of vested RSUs.
• Singh also acquired 116,361 Stock Appreciation Rights (SARs) on January 30, 2026, with an exercise price of $19.88.
• The SARs are scheduled to vest in four equal installments of 25% on January 29, 2027, January 28, 2028, January 26, 2029, and January 25, 2030, also subject to continuous service, and will expire on January 29, 2036.
• Following these transactions, Singh beneficially owns 380,514 Class A Common Stock directly and 116,361 Stock Appreciation Rights directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting standard executive compensation practices that align management's interests with long-term shareholder value through equity grants, without indicating any immediate operational concerns.

Positives

• The executive received a significant grant of 38,787 Restricted Stock Units (RSUs) and 116,361 Stock Appreciation Rights (SARs), aligning executive incentives with long-term shareholder value.

Negatives

• 16,986 shares were disposed of to cover tax obligations, which is a common practice but represents a reduction in direct share ownership.

Risks

• The vesting of RSUs and SARs is contingent on the reporting person's continuous service through each vesting date, meaning the awards could be forfeited if employment ceases prematurely.

Future Outlook

The executive's equity awards are structured with future vesting dates extending to January 2030, indicating a long-term incentive structure tied to the company's performance and the executive's continued service.

Industry Context

StockSavvy.ai notes that the grant of Restricted Stock Units (RSUs) and Stock Appreciation Rights (SARs) is a standard practice in executive compensation across various industries, including apparel and retail. This aligns executive incentives with long-term shareholder value creation, a common trend among publicly traded companies like Levi Strauss & Co. to retain key talent and encourage sustained performance.

Stakeholder Impact

• Shareholders: The equity awards align the executive's financial interests with shareholder value creation over the long term.
• Employees: The compensation structure for a key executive may influence broader compensation strategies within the company.

Next Steps

• Continued vesting of RSUs and SARs in four equal installments on January 29, 2027, January 28, 2028, January 26, 2029, and January 25, 2030, subject to continuous service.
• Potential exercise of Stock Appreciation Rights up to their expiration date of January 29, 2036.

Key Dates

Keywords

Levi Strauss, LEVI, Form 4, Insider Trading, Restricted Stock Units, RSUs, Stock Appreciation Rights, SARs, Executive Compensation, Harmit J Singh, Equity Awards