Charles V. Bergh - Jan 23, 2023 Form 4 Insider Report for LEVI STRAUSS & CO (LEVI)

Role
President and CEO, Director
Signature
/s/ Priscilla Duncan-Tannous, Attorney-in-Fact
Stock symbol
LEVI
Transactions as of
Jan 23, 2023
Transactions value $
-$1,349,469
Form type
4
Date filed
1/25/2023, 05:51 PM
Previous filing
Jan 11, 2023
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEVI Class A Common Stock Award $0 +152K +50.72% $0.00 453K Jan 23, 2023 Direct F1
transaction LEVI Class A Common Stock Tax liability -$1.35M -80.2K -17.72% $16.82 373K Jan 23, 2023 Direct F2
holding LEVI Class A Common Stock 632K Jan 23, 2023 See Footnote F3
holding LEVI Class A Common Stock 1.59M Jan 23, 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 28, 2020, 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 23, 2023, resulting in the issuance of 152,382 vested PRSUs.
F2 Shares withheld to cover tax obligation from settlement of vested PRSUs.
F3 The shares are held in a family trust formed in 2019 of which Mr. Bergh is trustee.
F4 The shares are held in a family trust formed in 2022 of which Mr. Bergh is trustee.