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.
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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.
How many Levi Strauss (LEVI) shares does Harmit Singh own after this Form 4?
Following the reported transactions, Harmit J. Singh beneficially owns 434,107 shares of Levi Strauss & Co. Class A common stock directly.
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.
Why were 107,946 Levi Strauss shares withheld in this Form 4?
The 107,946 Class A shares were withheld to cover the tax obligation arising from the settlement of the vested PRSUs, as disclosed in the footnotes.
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.