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

Director Christopher J. McCormick reports acquisition of dividend equivalent rights (DERs) in Levi Strauss & Co. Class A and B Common Stock.

Summary

• On February 28, 2025, Christopher J. McCormick, a director of Levi Strauss & Co., reported changes in beneficial ownership.
• McCormick acquired 134 shares of Class A Common Stock through dividend equivalent rights (DERs) at a price of $0.00, increasing his direct holdings to 57,971 shares.
• He also acquired 42 DERs representing a contingent right to receive one share of Class B Common Stock, with the underlying shares subject to a deferral delivery feature.
• Following the reported transactions, McCormick beneficially owns 57,379 derivative securities related to Class A Common Stock.

Sentiment

Score: 5

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

Positives

• The acquisition of dividend equivalent rights suggests a continued investment and alignment of interests between the director and the company's 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 filing provides transparency to shareholders regarding the ownership stake of a company director.

Key Dates