Levi Strauss (LEVI) EVP Jason Gowans reports equity and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Levi Strauss & Co. executive Jason Gowans has filed an initial ownership report showing his equity stake in the company. As of the event date, he beneficially owns 133,557 shares of Class A common stock, including 92,104 shares represented by restricted stock units that each settle into one share.
He also holds stock appreciation rights over 33,602 shares at an exercise price of $18.39 expiring in 2033, 41,984 shares at $16.58 expiring in 2034, 63,093 shares at $19.03 expiring in 2035, and 70,521 shares at $19.88 expiring in 2036. These awards vest in four annual installments, contingent on his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Gowans Jason
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 33,602 shares (Direct);
Class A Common Stock — 133,557 shares (Direct)
Footnotes (1)
- Includes 92,104 shares that are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Vests in four equal installments of 25% on each of February 6, 2024, February 6, 2025, February 6, 2026, and February 8, 2027, subject to the Reporting Person's continuous service through each such vesting date. Vests in four equal installments of 25% on each of January 24, 2025, January 30, 2026, January 29, 2027, and January 28, 2028, subject to the Reporting Person's continuous service through each such vesting date. Vests in four equal installments of 25% on each of January 30, 2026, January 29, 2027, January 28, 2028, and January 26, 2029, subject to the Reporting Person's continuous service through each such vesting date. Vests in four equal installments of 25% on each of January 29, 2027, January 28, 2028, January 26, 2029, and January 25, 2030, subject to the Reporting Person's continuous service through each such vesting date.
FAQ
How many restricted stock units does LEVI executive Jason Gowans hold?
Jason Gowans holds 92,104 shares represented by restricted stock units. Each RSU provides a contingent right to receive one share of Levi Strauss & Co. Class A common stock upon settlement, aligning a large portion of his compensation with future share performance.
What stock appreciation rights are reported for Jason Gowans at Levi Strauss & Co. (LEVI)?
He holds stock appreciation rights over 33,602 shares at $18.39, 41,984 at $16.58, 63,093 at $19.03, and 70,521 at $19.88. These rights reference Class A common stock and expire between 2033 and 2036, subject to vesting conditions.
How do Jason Gowans’ Levi Strauss & Co. (LEVI) stock appreciation rights vest?
Each grant vests in four equal 25% annual installments on specified January or February dates from 2024 through 2030. Vesting for every tranche requires Jason Gowans’ continuous service with Levi Strauss & Co. through each relevant vesting date.
What role does Jason Gowans hold at Levi Strauss & Co. (LEVI) in this Form 3?
Jason Gowans is identified as an "EVP and CDTO" of Levi Strauss & Co. The Form 3 indicates he is a senior executive officer rather than a director or 10% owner, and it records his initial beneficial ownership in company equity.