Form 4: Levi Strauss & Co. Director David A. Friedman Reports Changes in Beneficial Ownership

Director David A. Friedman reports changes in beneficial ownership of Levi Strauss & Co. stock due to dividend equivalent rights.

Summary

• On February 23, 2024, David A. Friedman, a director of Levi Strauss & Co., reported changes in his beneficial ownership of the company's stock.
• The changes involve the acquisition of 69 shares of Class A Common Stock and 61 shares of Class B Common Stock through dividend equivalent rights (DERs).
• Friedman directly owns 35,213 shares of Class A Common Stock and indirectly owns 214,845 shares through the David A. Friedman 1993 Revocable Trust.
• He also directly owns 9,400 derivative securities related to Class A Common Stock and indirectly owns 1,287,540 derivative securities related to Class A Common Stock through the trust.
• 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 routine regulatory filing, and the changes in ownership are related to dividend equivalent rights, indicating a neutral sentiment.

Positives

• The acquisition of shares through dividend equivalent rights indicates a continued investment in the company by a director.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Key Dates