Form 4: Levi Strauss & Co. Director Yael Garten Reports Acquisition of Class A Common Stock

Director Yael Garten acquired 61 shares of Levi Strauss & Co. Class A Common Stock due to dividend equivalent rights.

Summary

• On May 23, 2024, Yael Garten, a director of Levi Strauss & Co., acquired 61 shares of Class A Common Stock.
• The acquisition was due to dividend equivalent rights (DER).
• The price per share was $0.00.
• Following the transaction, Garten beneficially owns 48,204 shares of Class A Common Stock directly.
• 19 of the DERs are fully vested, and 42 of the DERs shall 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.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. It's a neutral event with a slightly positive implication due to the director's increased stake in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend equivalent rights.

Key Dates