Form 4: Levi Strauss & Co. Director Jill Beraud Reports Acquisition of Dividend Equivalent Rights

Director Jill Beraud reported the acquisition of dividend equivalent rights (DERs) convertible into Class A and Class B Common Stock of Levi Strauss & Co.

Summary

• On February 28, 2025, Jill Beraud, a director of Levi Strauss & Co., acquired 56 shares of Class A Common Stock at $0.00 and 99 DERs representing a contingent right to receive one share of Class B Common Stock upon settlement.
• Following the transaction, Beraud directly owns 52,077 shares of Class A Common Stock and 122,573 DERs representing a contingent right to receive one share of the issuer's Class B Common Stock upon settlement.
• 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 date of grant.
• 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: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of shares and DERs by a director can be seen as a slightly positive sign, indicating confidence in the company, but it's not a major event.

Positives

• The acquisition of DERs indicates confidence in the company's future performance.

Industry Context

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

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to insider buying.

Key Dates