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Consumer & Retail

Levi Strauss & Co Executive Compensation (FY25)

LEVI · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Michelle Gass
Latest say-on-pay support
=
April 22, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): April 27, 2026
8 filings cited on this page
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282 figures on this page: 276 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michelle Gass: $13,704,334 → $16,145,173 (17.8% higher)
CEO pay ratio: 831:1 → 1,004:1 (20.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Levi Strauss & Co's chief executive and what were they paid?
Michelle Gass, President and Chief Executive Officer, received $16,145,173 in total compensation for fiscal 2025. Gass' total was 17.8% higher than the $13,704,334 reported for fiscal 2024.
What was Levi Strauss & Co's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 99.3% of votes cast for or against in favor at the meeting held April 22, 2026.
Which companies are in Levi Strauss & Co's peer group?
The disclosed peer group names Abercrombie & Fitch Co., American Eagle Outfitters, Inc., Burberry Group Plc, Capri Holdings Limited and Columbia Sportswear Company, among others.
What is Levi Strauss & Co's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 1,004:1, against median employee compensation of $16,077.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Charles Bergh
Former CEO and Vice Chairman
◇—◇◇◇—◇◇
Harmit Singh
Executive Vice President and Chief Financial and Growth Officer
◇—◇◇◇—◇◇
Elizabeth O'Neill
Executive Vice President and Chief Operations Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michelle Gass
President and Chief Executive Officer
◇◇◇◇◇—◇◇
Charles Bergh
Former CEO and Vice Chairman
◇—◇◇◇—◇◇
Harmit Singh
Executive Vice President and Chief Financial and Growth Officer
◇—◇◇◇—◇◇
Elizabeth O'Neill
Executive Vice President and Chief Operations Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michelle Gass
President and Chief Executive Officer
◇—◇◇◇—◇◇
Gianluca Flore
Chief Commercial Officer
◇◇◇◇◇—◇◇
Harmit Singh
Executive Vice President and Chief Financial and Growth Officer
◇—◇◇◇—◇◇
Charles Bergh
Former CEO and Vice Chairman
Departed during or after this year
◇———◇—◇◇
Elizabeth O'Neill
Executive Vice President and Chief Operations Officer
◇—◇◇◇—◇◇
David Jedrzejek
Senior Vice President and General Counsel
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michelle Gass
President and Chief Executive Officer
◇—◇◇◇—◇◇
Harmit Singh
Executive Vice President and Chief Financial and Growth Officer
◇—◇◇◇—◇◇
Gianluca Flore
Executive Vice President and Chief Commercial Officer
◇—◇◇◇—◇◇
Elizabeth O'Neill
Former Executive Vice President and Chief Operations Officer
Departed during or after this year
◇—◇◇◇—◇◇
David Jedrzejek
Senior Vice President and General Counsel
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David JedrzejekRSU◇——◇——◇
David JedrzejekPSU◇—◇—◇—◇
David JedrzejekOPTION◇——◇—◇◇
Elizabeth O'NeillRSU◇——◇—◇◇
Elizabeth O’NeillRSU◇——◇——◇
Elizabeth O’NeillPSU◇—◇—◇—◇
Elizabeth O’NeillOPTION◇——◇—◇◇
Gianluca FlorePSU◇—◇—◇—◇
Gianluca FloreRSU◇——◇——◇
Gianluca FloreOPTION◇——◇—◇◇
Harmit SinghPSU◇—◇—◇—◇
Harmit SinghRSU◇——◇——◇
Harmit SinghOPTION◇——◇—◇◇
Michelle GassPSU◇—◇—◇—◇
Michelle GassOPTION◇——◇—◇◇
Michelle GassRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michelle GassSAR◇—◇1/30/2035
SAR◇—◇1/1/2033
SAR◇—◇1/28/2034
SAR◇—◇1/26/2033
Harmit SinghSAR◇—◇1/30/2035
SAR◇—◇1/28/2034
SAR◇—◇1/26/2033
SAR◇—◇1/24/2032
Gianluca FloreSAR◇—◇1/30/2035
SAR◇—◇7/28/2034
Elizabeth O'NeillSAR◇—◇1/30/2035
SAR◇—◇1/28/2034
SAR◇—◇1/26/2033
SAR◇—◇1/24/2032
David JedrzejekSAR◇—◇1/30/2035
SAR◇—◇1/28/2034
SAR◇—◇5/31/2033
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Eckert
Board chair
◇◇———◇◇
David Marberger
◇◇———◇◇
Spencer Fleischer
◇◇———◇◇
Troy Alstead
◇◇———◇◇
Jill Beraud
◇◇———◇◇
Joshua Prime
◇◇———◇◇
Jenny Ming
◇◇———◇◇
Yael Garten
◇◇———◇◇
Christopher McCormick
◇◇———◇◇
David Friedman
◇◇———◇◇
Elliott Rodgers
◇◇———◇◇
Patricia Pineda
—◇———◇◇
Artemis Patrick and Michelle Gass served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Abercrombie & Fitch Co. ANF
  • American Eagle Outfitters, Inc. AEO
  • Burberry Group Plc symbol not shown
  • Capri Holdings Limited CPRI
  • Columbia Sportswear Company COLM
  • Deckers Outdoor Corporation DECK
  • Foot Locker, Inc. FL
  • Guess? Inc. GES
  • Hanesbrands Inc. HBI
  • Kontoor Brands, Inc. KTB
  • Lululemon Athletica, Inc. LULU
  • Mattel, Inc. MAT
  • NIKE, Inc. NKE
  • Nordstrom, Inc. JWN
  • PVH Corp. PVH
  • Ralph Lauren Corporation RL
  • Tapestry, Inc. TPR
  • The Clorox Company CLX
  • The Gap, Inc. GAP
  • Under Armour, Inc. UAA
  • Urban Outfitters, Inc. URBN
  • VF Corporation VFC
  • Williams-Sonoma, Inc. WSM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 22, 2026=◇◇◇
2024April 23, 2025=◇◇◇
2023April 24, 2024=◇◇◇
2022April 19, 2023=◇◇◇
2021April 20, 2022=◇◇◇
2020April 21, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Michelle Gass (President and Chief Executive Officer), FY2025 total compensation $16,145,173 (base salary $1,475,000) [exec_comp, SEC accession 0001308179-26-000050, filed 2026-03-11]

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What this page does not include

Everything above is a fact Levi Strauss & Co disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Levi Strauss & Co sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
282 figures on this page: 276 cited to the filing that reported them, 6 calculated from figures it prints.
276 cited to the filing
6 calculated from the filing

Documents cited

  1. 0000094845-26-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001308179-26-000050
    2025 Grants of Plan-Based Awards · NON-EMPLOYEE DIRECTOR COMPENSATION DURING FISCAL YEAR 2025 · Outstanding Equity Awards at 2025 Fiscal Year-End · Summary Compensation Table
  3. 0000094845-25-000026
  4. 0001308179-25-000101
    NON-EMPLOYEE DIRECTOR COMPENSATION DURING FISCAL YEAR 2024 · Summary Compensation Table
  5. 0000094845-24-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000094845-23-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000094845-22-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-21-131633
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Levi Strauss & Co executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LEVI (accessed 2026).
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8 filings cited on this page
Method: intel.velarion.ai/methodology
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers Levi Strauss & Co discloses

The companies named in LEVI's own disclosed peer group.

Abercrombie & Fitch Co.American Eagle Outfitters, Inc.Capri Holdings LimitedColumbia Sportswear CompanyDeckers Outdoor CorporationFoot Locker, Inc.Guess? Inc.Hanesbrands Inc.Kontoor Brands, Inc.Lululemon Athletica, Inc.Mattel, Inc.NIKE, Inc.Nordstrom, Inc.PVH Corp.Ralph Lauren CorporationTapestry, Inc.The Clorox CompanyThe Gap, Inc.Under Armour, Inc.Urban Outfitters, Inc.VF CorporationWilliams-Sonoma, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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