Form 4: Levi Strauss & Co. Director Spencer C. Fleischer Reports Beneficial Ownership Changes

Director Spencer C. Fleischer reports changes in beneficial ownership of Levi Strauss & Co. stock due to the acquisition of dividend equivalent rights.

Summary

• On February 28, 2025, Spencer C. Fleischer, a director of Levi Strauss & Co., reported changes in beneficial ownership.
• Fleischer acquired 134 shares of Class A Common Stock at $0.00 and 190 shares of Class B Common Stock at $0.00 through dividend equivalent rights (DERs).
• Following these transactions, Fleischer directly owns 52,368 shares of Class A Common Stock and 116,128 shares of Class B Common Stock.
• The DERs for Class A Common Stock vest 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.
• 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: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of dividend equivalent rights can be seen as a positive sign of director's continued investment, but it's not a major event.

Positives

• The acquisition of dividend equivalent rights indicates continued investment in the company by a director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company through dividend equivalent rights.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of dividend equivalent rights by a director.

Key Dates