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

Director Elliott Rodgers reports changes in beneficial ownership of Levi Strauss & Co. Class A Common Stock due to dividend reinvestment and dividend equivalent rights.

Summary

• On February 27, 2025, Elliott Rodgers acquired 187 shares of Levi Strauss & Co. Class A Common Stock at a price of $17.505 per share through a dividend reinvestment program.
• On February 28, 2025, Rodgers acquired 91 shares of Class A Common Stock representing dividend equivalent rights (DER) at a price of $0.00.
• Following these transactions, Rodgers beneficially owns 38,142 shares of Class A Common Stock.
• 35 of the DERs are fully vested, and 56 of the DERs will vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant.
• Certain shares of the underlying Class A Common Stock issuable pursuant to the DERs are subject to a deferral delivery feature.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect standard insider activity related to dividend reinvestment and equity compensation.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the director.
• The vesting schedule of the dividend equivalent rights incentivizes long-term holding.

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

• Dividend reinvestment programs are common among publicly traded companies, allowing shareholders to automatically reinvest dividends into additional shares.
• Granting dividend equivalent rights is a typical component of equity compensation plans, aligning the interests of employees and directors with those of shareholders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity.
• Transparency in insider transactions helps maintain investor confidence.

Key Dates