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

Director Elliott Rodgers reports acquisition of shares through dividend reinvestment and dividend equivalent rights.

Summary

• On February 21, 2024, Director Elliott Rodgers acquired 94 shares of Levi Strauss & Co. Class A Common Stock at a price of $17.967 per share through a dividend reinvestment program.
• On February 23, 2024, Rodgers acquired 100 shares of Class A Common Stock representing dividend equivalent rights (DER) at a price of $0.00.
• Following these transactions, Rodgers directly owns 29,479 shares of Levi Strauss & Co. Class A Common Stock.
• 31 of the DERs are fully vested, and 69 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.

Sentiment

Score: 6

Explanation: The document reflects routine transactions by a company director, indicating a neutral sentiment. The acquisitions through dividend reinvestment and dividend equivalent rights are generally viewed positively, but the document itself doesn't convey strong positive or negative signals.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the director.
• The acquisition of dividend equivalent rights further aligns the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions reported may have a minor positive impact on shareholder sentiment, as they demonstrate the director's continued investment in the company.

Key Dates