Singh Harmit J 4

What Happened
Harmit J. Singh, EVP & Chief Financial & Growth Officer of Levi Strauss & Co. (LLEVI), received 213,706 shares upon settlement of performance-based restricted stock units (PRSUs) that vested on January 22, 2026. To cover tax withholding, 107,946 of those shares were surrendered/withheld at $21.55 per share, resulting in proceeds/coverage of $2,326,236 (reported as a disposition for tax purposes). The award itself was issued at $0 (no cash purchase).

Key Details

• Transaction dates: PRSUs vested and shares issued on 2026-01-22; Form 4 filed 2026-01-26.
• Grant/award: 213,706 shares issued (code A) at $0.00.
• Tax withholding (sell-to-cover): 107,946 shares disposed (code F) at $21.55/share for $2,326,236.
• Footnote: PRSUs were granted on Jan 27, 2023 and vested after the Board certified achievement of performance criteria on Jan 22, 2026. Shares were withheld to satisfy tax liabilities upon settlement.
• Shares owned after the transaction: Not specified in the filing.

Context

• This was a performance-based equity settlement (award), not an open-market purchase or voluntary sale; the withholding is a routine tax-related disposition (commonly called "sell-to-cover").
• No implication of trading intent should be inferred from the tax withholding; the primary event is vesting/settlement of previously granted PRSUs.