Form 4: Levi Strauss & Co. Director Jill Beraud Reports Changes in Beneficial Ownership

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

Summary

• On February 23, 2024, Jill Beraud, a director of Levi Strauss & Co., reported changes in beneficial ownership.
• Beraud acquired 69 shares of Class A Common Stock at $0.00, representing dividend equivalent rights (DERs).
• Following the transaction, Beraud directly owns 44,225 shares of Class A Common Stock.
• Beraud also acquired 88 DERs representing a contingent right to receive one share of the issuer's Class B Common Stock upon settlement.
• Following the transaction, Beraud directly owns 122,201 shares of Class B Common Stock.
• 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: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings of Levi Strauss & Co. stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership stake of a key company director.

Key Dates