Jedrzejek David 4

What Happened

• David Jedrzejek, SVP and General Counsel of Levi Strauss & Co. (LEVI), had performance-based restricted stock units (PRSUs) vest on January 22, 2026. The vesting issued 10,440 shares (from a Jan 27, 2023 grant) and 12,200 shares (from a June 1, 2023 grant), a total of 22,640 shares.
• To cover tax withholding on settlement, 3,978 shares and 4,476 shares were withheld (disposed) at a reported price of $21.55 per share, generating reported withholding values of $85,726 and $96,458 respectively (total withheld ≈ $182,184). Net shares delivered after withholding: 22,640 − 8,454 = 14,186 shares. The market value of the vested shares at $21.55 was about $487,892.

Key Details

• Transaction date: January 22, 2026 (vesting and withholding).
• Prices reported for withheld shares: $21.55 per share; withheld shares: 3,978 and 4,476 (total 8,454); total withholding value ≈ $182,184.
• Shares issued on vesting: 10,440 (grant dated Jan 27, 2023) and 12,200 (grant dated June 1, 2023); total vested = 22,640 PRSUs.
• Net shares retained after withholding: 14,186.
• Footnotes: PRSUs are performance-based, vest after a three-year period upon Board certification of performance criteria (criteria were met on Jan 22, 2026). F4 notes 924 shares were acquired Jan 15, 2026 via the company ESPP (included in reported holdings).
• Filing timeliness: Form 4 filed Jan 26, 2026 for a Jan 22, 2026 transaction — filed within the standard two business-day window (timely).

Context

• These transactions reflect issuance of vested performance awards and routine tax-withholding (coded F on Form 4). This is not an open-market purchase or a voluntary sale for investment reasons; the withheld-share disposals are a standard method to satisfy tax obligations on restricted stock settlement.
• For retail investors: awards and tax withholding are common executive compensation events and do not alone indicate a buy/sell signal.