Singh Harmit J 4
Research Summary
AI-generated summary
Levi Strauss (LEVI) EVP Harmit Singh Receives RSU Award; Taxes Withheld
What Happened
- Harmit J. Singh, EVP & Chief Financial & Growth Officer of Levi Strauss & Co. (LEVI), received restricted stock unit (RSU) awards on January 30, 2026. The filing shows two awards: 38,787 RSUs (acquired) and 116,361 RSUs (derivative), totaling 155,148 RSUs (granted at $0.00 as an award).
- To cover the tax obligation from the RSU settlement, 16,986 shares were withheld (treated as a disposition) at $19.88 per share, producing proceeds of $337,682. This withholding is a tax-related disposition, not an open-market sale.
Key Details
- Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (filed within the typical 2-business-day reporting window).
- Awards: 38,787 RSUs (grant) + 116,361 RSUs (derivative award) — total 155,148 RSUs; acquisition price reported $0.00 (award).
- Tax withholding/disposition: 16,986 shares withheld at $19.88 = $337,682 (footnote indicates shares were withheld to satisfy tax liability).
- Shares owned after transaction: not specified in the filing.
- Footnotes: RSUs vest in four equal annual installments (25% each) on Jan 29, 2027; Jan 28, 2028; Jan 26, 2029; and Jan 25, 2030, subject to continuous service.
Context
- These entries are RSU grants and a tax-withholding disposition. Grants award future shares subject to vesting and are not the same signal as an open-market purchase; the withholding of shares to cover taxes is routine administrative processing, not necessarily a voluntary sale.