Form 4: Levi Strauss & Co. Director Robert Eckert Reports Acquisition of Dividend Equivalent Rights

Director Robert Eckert reported the acquisition of dividend equivalent rights related to Levi Strauss & Co. Class A and Class B Common Stock.

Summary

• On May 23, 2024, Robert Eckert, a director of Levi Strauss & Co., reported acquiring 165 dividend equivalent rights (DERs) related to Class A Common Stock at a price of $0.00.
• Following this transaction, Eckert directly owns 74,070 shares of Class A Common Stock.
• Additionally, Eckert acquired 236 DERs related to Class B Common Stock on the same date at a price of $0.00.
• Eckert directly owns 217,514 derivative securities following the reported transaction.
• The DERs for Class A Common Stock include 96 fully vested DERs and 69 DERs that will vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date.
• 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 underlying shares of both Class A and Class B Common Stock issuable pursuant to the DERs are subject to a deferral delivery feature.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating changes in beneficial ownership. The acquisition of DERs could be interpreted as a slightly positive signal, but it's not a major event.

Positives

• The acquisition of DERs by a director could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of company insiders.

Key Dates