Form 4: Levi Strauss & Co. Director Acquires Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Director Patrick Artemis acquired 15 shares of Levi Strauss & Co. Class A Common Stock through dividend equivalent rights.
Summary
- On February 28, 2025, Patrick Artemis, a director of Levi Strauss & Co., acquired 15 shares of Class A Common Stock.
- The acquisition was through dividend equivalent rights (DERs) at a price of $0.00.
- Following the transaction, Artemis directly owns 2,185 shares of Class A Common Stock.
- The DERs vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant and are subject to a deferral delivery feature.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The dividend equivalent rights (DERs) will vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant, at which point the underlying shares of Class A Common Stock will be issued.
Industry Context
This Form 4 filing reflects routine transactions related to director compensation and equity ownership, which is a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares acquired through existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Acquisition of Class A Common Stock through dividend equivalent rights. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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