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

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

Summary

• On February 28, 2025, Robert Eckert, a director of Levi Strauss & Co., reported changes in beneficial ownership.
• Eckert acquired 220 shares of Class A Common Stock through dividend equivalent rights (DERs) at a price of $0.00.
• He also acquired 315 DERs convertible into Class B Common Stock.
• Following these transactions, Eckert beneficially owns 74,729 shares of Class A Common Stock and 218,458 DERs convertible into Class B Common Stock.
• The DERs vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant and are subject to a deferral delivery feature.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard regulatory filing reporting changes in ownership.

Positives

• The acquisition of DERs indicates a continued alignment of the director's interests with those of the shareholders.
• The vesting schedule of the DERs incentivizes long-term commitment.

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 key company director.

Key Dates