Love David Sievewright 4
4 · LEVI STRAUSS & CO · Filed Jan 27, 2021
Insider Transaction Report
Form 4
Love David Sievewright
EVP & Pres Asia Mid E & Africa
Transactions
- Tax Payment
Class A Common Stock
2021-01-25$21.24/sh−18,109$384,635→ 340,370 total - Award
Class A Common Stock
2021-01-25+50,309→ 358,479 total
Footnotes (2)
- [F1]On January 30, 2018, the reporting person was 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 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 25, 2021, resulting in the issuance of 50,309 vested PRSUs.
- [F2]Shares withheld to cover tax obligation from settlement of vested restricted stock units.