Gass Michelle 4

What Happened
Michelle Gass, President & CEO and a Director of Levi Strauss & Co. (LEVI), was granted a total of 503,052 restricted stock units (RSUs) on January 30, 2026 (two award entries of 125,763 and 377,289 RSUs). On the same date 49,326 shares were disposed/withheld at $19.88 per share to satisfy tax withholding obligations, generating a withholding value of $980,601. The RSU awards are contingent rights to receive Class A common stock upon settlement (they have no immediate sale proceeds).

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (timely filing).
• Awards: 125,763 RSUs and 377,289 RSUs granted (total 503,052 RSUs) reported at $0.00 (standard for RSU grants).
• Tax withholding: 49,326 shares withheld/ disposed at $19.88 each = $980,601 (code F — shares withheld to cover tax obligations).
• Vesting: RSUs vest in four equal annual installments of 25% on Jan 29, 2027; Jan 28, 2028; Jan 26, 2029; and Jan 25, 2030, subject to continuous service.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction codes: A = Award/Grant, F = Payment of exercise price or tax liability (withholding).

Context

• RSU grants are compensation awards, not open‑market purchases or sales; they generally indicate long‑term incentive pay rather than a direct endorsement of short‑term stock moves.
• The withholding of shares to cover taxes is a routine administrative step when RSUs vest/settle and does not by itself indicate a sell decision beyond tax obligations.