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

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

Summary

• On May 9, 2025, Christopher J. McCormick, a director of Levi Strauss & Co., reported changes in beneficial ownership of the company's stock.
• McCormick acquired 229 shares of Class A Common Stock through dividend equivalent rights (DERs) at a price of $0.00.
• He also acquired 44 DERs representing a contingent right to receive one share of Class B Common Stock upon settlement.
• Following these transactions, McCormick beneficially owns 69,890 shares of Class A Common Stock and 57,423 derivative securities related to Class A Common Stock.
• The DERs vest and are delivered consistent with the underlying awards to which they relate, with unvested awards vesting on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant of the underlying award.
• 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 neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency into the transactions of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company insiders.
• It helps maintain investor confidence by ensuring compliance with securities regulations.

Key Dates

Keywords

beneficial ownership, Form 4, Levi Strauss & Co., director, McCormick, Class A Common Stock, Class B Common Stock, dividend equivalent rights, DERs