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

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

Summary

• On August 20, 2024, Robert Eckert, a director of Levi Strauss & Co., reported changes in beneficial ownership.
• Eckert acquired 205 shares of Class A Common Stock through dividend equivalent rights (DERs) at a price of $0.00.
• He also acquired 294 DERs representing a contingent right to receive one share of Class B Common Stock upon settlement.
• Following the reported transactions, Eckert beneficially owns 74,275 shares of Class A Common Stock directly and 217,808 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transactions described are not inherently positive or negative.

Positives

• The acquisition of DERs indicates continued alignment of the director's interests with those of the shareholders.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are a regulatory requirement for corporate insiders in the US, ensuring transparency in the market.
• Similar filings are expected from directors and officers of comparable companies like PVH Corp. (PVH) and Kontoor Brands (KTB) when they have transactions involving their company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates