Sey Jennifer A. 4
4 · LEVI STRAUSS & CO · Filed Jan 26, 2022
Insider Transaction Report
Form 4
Sey Jennifer A.
Brand President
Transactions
- Award
Class A Common Stock
2022-01-24+29,613→ 36,762 total - Award
Stock Appreciation Rights
2022-01-25+32,391→ 32,391 totalExercise: $21.00Exp: 2032-01-25→ Class A Common Stock (32,391 underlying) - Tax Payment
Class A Common Stock
2022-01-24$21.79/sh−10,515$229,122→ 26,247 total - Award
Class A Common Stock
2022-01-25+13,095→ 39,342 total
Footnotes (4)
- [F1]On January 30, 2019, 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 24, 2022, resulting in the issuance of 29,613 vested PRSUs. The shares were converted to Class A Common Stock upon issuance.
- [F2]Shares withheld to cover tax obligation from settlement of vested restricted stock units.
- [F3]The shares 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. The RSUs vest in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.
- [F4]Vests in four equal installments of 25% on each of January 27, 2023, January 26, 2024, January 24, 2025, and January 30, 2026, subject to Participant's Continuous Service through each such vesting date.