Brockett Gavin 4
4 · LEVI STRAUSS & CO · Filed Feb 3, 2020
Insider Transaction Report
Form 4
Brockett Gavin
Sr VP, Global Controller, PAO
Transactions
- Award
Class A Common Stock
2020-01-27+27,992→ 85,791 total - Tax Payment
Class A Common Stock
2020-01-27$20.25/sh−9,921$200,900→ 75,870 total - Tax Payment
Class A Common Stock
2020-01-30$19.75/sh−2,221$43,865→ 73,649 total
Footnotes (2)
- [F1]On March 19, 2019, the reporting person was re-granted performance-based restricted stock units (PSRUs). Each PRSU represents a contingent right to receive shares of the Issuer's Class B common stock upon settlement. Each share of Class B Common Stock is convertible into one share of Class A common stock at the option of the holder and has no expiration date. The PRSUs vest at the end of a three-year period following February 1, 2017 (the date of the original 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 27, 2020, resulting in the issuance of 27,992 vested PRSUs.
- [F2]Shares withheld to cover tax obligation from settlement of vested restricted stock units.