Levi Strauss (NYSE: LEVI) EVP Singh vests and nets shares
Rhea-AI Filing Summary
Levi Strauss & Co. executive Harmit J. Singh reported equity award activity involving the company’s Class A common stock. On January 22, 2026, 213,706 performance-based restricted stock units (PRSUs) granted on January 27, 2023 vested after the Board certified that performance criteria were met, resulting in the issuance of 213,706 shares at a price of $0.00 per share. On the same date, 107,946 shares were withheld at $21.55 per share to cover tax obligations from the PRSU settlement, leaving Singh with 434,107 Class A shares held directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 213,706 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 107,946 | $21.55 | $2.33M |
Footnotes (1)
- On January 27, 2023, the reporting person was granted performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive shares of the Issuer's Class A common stock upon settlement and has no expiration date. The PRSUs vest at the end of a three-year period following the grant on the date that the Board of Directors certifies attainment, based on the Issuer's satisfaction of certain performance criteria. The performance criteria were met on January 22, 2026, resulting in the issuance of 213,706 vested PRSUs. Shares withheld to cover tax obligation from settlement of vested PRSUs.
FAQ
What insider transaction did LEVI executive Harmit Singh report?
Harmit J. Singh reported the vesting of 213,706 performance-based restricted stock units (PRSUs) into Class A common stock on January 22, 2026, and a related tax withholding of 107,946 shares.
What are PRSUs in the context of Levi Strauss (LEVI) executive compensation?
Performance-based restricted stock units (PRSUs) are awards that give a contingent right to receive shares of Class A common stock upon settlement. For this grant, the PRSUs vest at the end of a three-year period after the January 27, 2023 grant date, when the Board certifies that specified performance criteria have been satisfied.
What role does Harmit Singh hold at Levi Strauss (LEVI)?
Harmit J. Singh is an officer of Levi Strauss & Co., serving as Executive Vice President & Chief Financial & Growth Officer, as indicated in the filing.
When were the performance criteria for Harmit Singh’s PRSUs met?
The performance criteria tied to the PRSUs were met on January 22, 2026, which triggered the issuance of 213,706 vested PRSUs into Class A common stock.