Form 4: Levi Strauss & Co. Director Jenny J. Ming Reports Acquisition of Dividend Equivalent Rights

Director Jenny J. Ming reports acquiring dividend equivalent rights (DERs) convertible to Class A and Class B Common Stock of Levi Strauss & Co.

Summary

• On August 20, 2024, Jenny J. Ming, a director of Levi Strauss & Co., reported acquiring 52 dividend equivalent rights (DERs) that represent a contingent right to receive one share of Class A Common Stock each.
• These DERs were acquired at a price of $0.00.
• Ming also acquired 246 DERs representing a contingent right to receive one share of the issuer's Class B Common Stock upon settlement.
• Following these transactions, Ming beneficially owns 52,466 shares of Class A Common Stock and 58,847 derivative securities.
• The Class B Common Stock is convertible into Class A Common Stock at the holder's option and has no expiration date.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating neutral sentiment. The acquisition of DERs could be seen as a slightly positive sign of insider confidence, but it's not a major event.

Positives

• The acquisition of dividend equivalent rights suggests confidence in the company's future performance.

Future Outlook

The DERs for Class A Common Stock vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant.

Industry Context

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

Stakeholder Impact

• The acquisition of DERs by a director may have a minor positive impact on shareholder sentiment.

Key Dates