Gass Michelle 4
4 · LEVI STRAUSS & CO · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Levi Strauss CEO Michelle Gass Receives 225,247-Share Award
What Happened Michelle Gass, President & CEO and a director of Levi Strauss & Co. (LEVI), had 225,247 performance-based restricted stock units (PRSUs) vest on Jan 22, 2026 and received 225,247 shares (award). To cover tax withholding from the settlement, 119,888 of those shares were withheld at a per-share value of $21.55, resulting in proceeds of $2,583,586. The award shares were issued as a result of performance criteria being certified by the Board.
Key Details
- Transaction date: 2026-01-22 (report filed 2026-01-26)
- Award: 225,247 shares issued (coded A); acquisition price reported $0.00 (vesting settlement)
- Tax withholding: 119,888 shares withheld/disposed (coded F) at $21.55 → $2,583,586
- Net shares retained from this settlement: 225,247 − 119,888 = 105,359 shares
- Footnotes: PRSUs were granted 2023-01-27, vest after a three-year performance period and have no expiration; shares were withheld specifically to cover tax obligations
- Filing timeliness: Report filed four days after the transaction date (not marked late)
Context This was a performance-based award settlement, not an open-market purchase or discretionary sale. The withholding of shares to pay taxes is a routine administrative action (cashless withholding) and does not necessarily indicate a broader disposition beyond tax obligations. PRSUs vest upon Board certification of performance goals; the form indicates certification occurred on Jan 22, 2026.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-01-22+225,247→ 785,226 total - Tax Payment
Class A Common Stock
[F2]2026-01-22$21.55/sh−119,888$2,583,586→ 665,338 total
Footnotes (2)
- [F1]On January 27, 2023, the reporting person was granted performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive shares of the Issuer's Class A common stock upon settlement 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 22, 2026, resulting in the issuance of 225,247 vested PRSUs.
- [F2]Shares withheld to cover tax obligation from settlement of vested PRSUs.