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 August 20, 2024, Jill Beraud, a director of Levi Strauss & Co., reported acquiring 52 shares of Class A Common Stock at $0.00 and 93 dividend equivalent rights (DERs) convertible into Class B Common Stock.
• These DERs represent a contingent right to receive one share of the issuer's Class A or Class B Common Stock upon settlement.
• Beraud directly owns 51,961 shares of Class A Common Stock following the reported transaction.
• She also owns 122,368 derivative securities related to Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider transactions, with no inherently positive or negative implications.

Positives

• The acquisition of dividend equivalent rights suggests confidence in the company's future performance, as these rights convert into shares of common stock.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalent rights by a director.

Key Dates