Form 4: Levi Strauss & Co. Director Alstead Reports Beneficial Ownership Changes

Director Troy Alstead reports acquisition of dividend equivalent rights (DERs) convertible to Class A and Class B Common Stock of Levi Strauss & Co.

Summary

• On May 9, 2025, Director Troy Alstead acquired 88 dividend equivalent rights (DERs) convertible to Class A Common Stock at $0.00 per share.
• Alstead also acquired 343 DERs convertible to Class B Common Stock at $0.00 per share.
• Following these transactions, Alstead's direct ownership includes 122,534 shares of Class A Common Stock and 45,849 derivative securities related to Class B Common Stock.
• The DERs for Class A Common Stock vest fully on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date.
• Class B Common Stock is convertible into Class A Common Stock at the holder's option with no expiration date.

Sentiment

Score: 7

Explanation: The document reflects standard insider trading reporting, indicating alignment of interests through stock ownership. It's neutral to slightly positive as it shows director's continued investment in the company.

Positives

• The acquisition of DERs indicates continued alignment of the director's interests with the company's performance.
• The conversion option of Class B shares to Class A provides flexibility for the holder.

Future Outlook

The vesting of DERs for Class A Common Stock is contingent on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director ownership and stock-based compensation are common practices across publicly traded companies to align management interests with shareholder value.
• Levi Strauss & Co.'s use of Class A and Class B shares is similar to other companies with dual-class structures, such as Alphabet (GOOGL) and Meta (META), which aim to maintain control by founders or key stakeholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• Employees may be impacted by the vesting of DERs, as it aligns director incentives with company performance.

Key Dates

Keywords

beneficial ownership, Form 4, Levi Strauss & Co, director, Troy Alstead, Class A Common Stock, Class B Common Stock, dividend equivalent rights, DERs, conversion