Form 4: Levi Strauss & Co. Director Acquires Additional Shares Through Dividend Equivalent Rights

Director David A. Friedman reports acquisition of additional Class A Common Stock and dividend equivalent rights in Levi Strauss & Co.

Summary

• On May 23, 2024, David A. Friedman, a director of Levi Strauss & Co., acquired 42 shares of Class A Common Stock through dividend equivalent rights (DER) at a price of $0.00.
• Friedman also acquired 52 DERs representing a contingent right to receive one share of the issuer's Class B Common Stock upon settlement.
• Following these transactions, Friedman directly owns 42,897 shares of Class A Common Stock and indirectly owns 183,342 shares through the David A. Friedman 1993 Revocable Trust.
• Friedman also directly owns 9,452 DERs representing a contingent right to receive one share of the issuer's Class A Common Stock upon settlement and indirectly owns 1,256,540 DERs representing a contingent right to receive one share of the issuer's Class B Common Stock upon settlement.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a company director. The acquisition of shares can be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholders due to the director's increased stake in the company.

Key Dates