Form 4: Levi Strauss & Co. Director Yael Garten Reports Acquisition of Dividend Equivalent Rights

Director Yael Garten reports the acquisition of 82 dividend equivalent rights (DERs) related to Levi Strauss & Co. Class A Common Stock.

Summary

• On February 28, 2025, Yael Garten, a director of Levi Strauss & Co., acquired 82 dividend equivalent rights (DERs) related to Class A Common Stock.
• The DERs were acquired at a price of $0.00.
• Following the transaction, Garten beneficially owns 48,450 shares of Class A Common Stock.
• 26 of the DERs are fully vested, while 56 will vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant.
• Certain shares of the underlying Class A Common Stock issuable pursuant to the DERs are subject to a deferral delivery feature.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting a transaction. The acquisition of DERs could be seen as a slightly positive sign of confidence by the director.

Positives

• The acquisition of dividend equivalent rights suggests confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but the vesting schedule of the DERs is linked to future events such as the Annual Stockholder Meeting.

Industry Context

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

Key Dates