Form 4: Levi Strauss & Co. Director Troy Alstead Reports Acquisition of Dividend Equivalent Rights

Director Troy Alstead reports the acquisition of dividend equivalent rights related to Levi Strauss & Co. Class A and Class B Common Stock.

Summary

• On August 20, 2024, Troy Alstead, a director of Levi Strauss & Co., reported acquiring 52 dividend equivalent rights (DERs) related to Class A Common Stock at a price of $0.00.
• Following this transaction, Alstead directly owns 110,640 shares of Class A Common Stock.
• Alstead also acquired 304 DERs related to Class B Common Stock on the same date at a price of $0.00.
• These DERs are fully vested but the underlying shares of Class B Common Stock are subject to a deferral delivery feature.
• Alstead directly owns 44,833 derivative securities related to Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of insider transactions. The acquisition of dividend equivalent rights could be seen as a slightly positive sign.

Positives

• The acquisition of dividend equivalent rights suggests confidence in the future performance of Levi Strauss & Co.

Future Outlook

The dividend equivalent rights for Class A Common Stock will 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.

Industry Context

This filing is a routine disclosure related to insider transactions and provides insight into the holdings of a company director. It is common for directors to receive stock-based compensation or dividend equivalent rights.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects changes in the director's holdings.

Key Dates