Form 4: Levi Strauss SVP Acquires Shares Post-PRSU Vesting

Levi Strauss & Co.'s SVP and General Counsel, David Jedrzejek, acquired 22,640 shares of Class A Common Stock through PRSU vesting and an employee stock purchase plan, while disposing of 8,454 shares for tax obligations.

Summary

• David Jedrzejek, SVP and General Counsel of Levi Strauss & Co., reported changes in his beneficial ownership of Class A Common Stock.
• On January 22, 2026, 10,440 shares of Class A Common Stock vested from performance-based restricted stock units (PRSUs) granted on January 27, 2023, after performance criteria were met.
• Concurrently, 3,978 shares were disposed of at $21.55 per share to cover tax obligations related to the vested PRSUs.
• Also on January 22, 2026, an additional 12,200 shares of Class A Common Stock vested from PRSUs granted on June 1, 2023, following the achievement of performance criteria.
• Another 4,476 shares were disposed of at $21.55 per share for tax withholding purposes from this second vesting event.
• The reporting person's beneficial ownership of Class A Common Stock after these transactions is 105,286 shares, which includes 924 shares acquired on January 15, 2026, through the Issuer's employee stock purchase plan.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (PRSU vesting and tax withholding), which are neutral in sentiment. The meeting of performance criteria for PRSU vesting is a positive, but the overall nature of the report is administrative.

Positives

• The vesting of 22,640 performance-based restricted stock units (PRSUs) indicates that Levi Strauss & Co. met specific performance criteria over the respective three-year periods.
• The acquisition of 924 shares through the employee stock purchase plan demonstrates continued executive investment in the company.

Negatives

• A total of 8,454 shares were disposed of to cover tax obligations, which is a standard practice but reduces the executive's direct shareholding.

Future Outlook

This filing is a report of past insider transactions and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing reflects a routine executive compensation event, specifically the vesting of performance-based restricted stock units and subsequent tax-related share disposals, which is a common practice across publicly traded companies for incentivizing and retaining key management personnel. It does not indicate any broader industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: The transactions represent a routine change in executive ownership, with a net increase in shares held by a key executive, which can be viewed positively as alignment of interests. The disposal of shares for tax purposes is a standard event and does not typically impact shareholder value significantly.
• Employees: The vesting of performance-based units and participation in an employee stock purchase plan highlight the company's compensation structure, which may influence employee morale and retention.

Key Dates

Keywords

Levi Strauss, LEVI, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, PRSU Vesting, Stock Acquisition, Employee Stock Purchase Plan