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

Director Jenny J. Ming acquired additional shares of Levi Strauss & Co. Class A and Class B Common Stock through dividend equivalent rights (DERs) on February 23, 2024.

Summary

• On February 23, 2024, Jenny J. Ming, a director of Levi Strauss & Co., acquired 121 shares of Class A Common Stock and 234 shares of Class B Common Stock through dividend equivalent rights (DERs).
• The price for both Class A and Class B shares acquired through DERs was $0.00.
• Following the transaction, Ming directly owns 44,686 shares of Class A Common Stock and derivative securities representing 58,404 shares of Class A Common Stock.
• The DERs for Class A Common Stock are either fully vested (52 DERs) or will vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant (69 DERs).
• The DERs for Class B Common Stock are fully vested.
• 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.
• Priscilla Duncan-Tannous, Attorney-in-Fact, signed the report on February 27, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The acquisition of shares by a director is generally viewed positively, but it's not a major event.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The use of dividend equivalent rights is a common compensation mechanism, aligning the interests of directors with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a director.

Key Dates