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 Levi Strauss & Co. Class A and Class B Common Stock.

Summary

• On May 23, 2024, Jill Beraud, a director of Levi Strauss & Co., reported acquiring 42 shares of Class A Common Stock at $0.00 and 74 DERs convertible into Class B Common Stock.
• Following the transaction, Beraud directly owns 51,909 shares of Class A Common Stock.
• Beraud also directly owns 122,275 derivative securities related to Class B Common Stock.
• The DERs for Class A Common Stock vest 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 holder's option and has no expiration date.
• The DERs for Class B Common Stock are fully vested, but the underlying shares are subject to a deferral delivery feature.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral as it simply reports transactions.

Positives

• The acquisition of DERs indicates a continued investment and alignment of interests between the director and the company's future performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.
• The acquisition of shares and DERs by a director can be seen as a positive signal, indicating confidence in the company's future.

Key Dates