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

Director Jenny J. Ming acquired shares of Levi Strauss & Co. Class A and Class B Common Stock through dividend equivalent rights.

Summary

• On May 23, 2024, Jenny J. Ming, a director of Levi Strauss & Co., acquired 86 shares of Class A Common Stock and 197 shares of Class B Common Stock through dividend equivalent rights (DER).
• The price for both Class A and Class B shares was $0.00.
• Following the transaction, Ming directly owns 52,414 shares of Class A Common Stock and 58,601 derivative securities related to Class A Common Stock.
• The DERs for Class A Common Stock are subject to vesting and a deferral delivery feature.
• 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: 5

Explanation: The document is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in compliance with SEC regulations.
• Similar filings are made by directors and officers of comparable companies like Nike, Adidas, and Gap to report changes in their beneficial ownership of company stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding insider trading activities.

Key Dates