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

Director Joshua E. Prime acquired 119 dividend equivalent rights (DERs) of Levi Strauss & Co. Class A Common Stock.

Summary

• On November 14, 2024, Joshua E. Prime, a director at Levi Strauss & Co., acquired 119 dividend equivalent rights (DERs).
• These DERs represent a contingent right to receive one share of the company's Class A Common Stock upon settlement.
• 59 of the DERs are fully vested, while 60 will vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date.
• The acquisition was made at a price of $0.00 per DER.
• Following the transaction, Mr. Prime beneficially owns 52,484 shares of Class A Common Stock directly.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction, not indicative of significant positive or negative sentiment. It's a standard filing related to director compensation.

Positives

• The acquisition of DERs by a director could be seen as a positive sign of confidence in the company's future performance.

Industry Context

This is a routine filing related to a director's acquisition of dividend equivalent rights, which is a common form of equity compensation.

Comparison to Industry Standards

• Director equity compensation through DERs is a common practice among publicly traded companies.
• The vesting schedule of the DERs is typical, with a portion vesting immediately and the remainder vesting over time.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

Levi Strauss & Co, Director, Dividend Equivalent Rights, DER, Class A Common Stock, Beneficial Ownership, SEC Form 4, Joshua E. Prime