Form 4: Levi Strauss & Co. Director Yael Garten Reports Changes in Beneficial Ownership

Director Yael Garten reported the acquisition of 92 shares of Levi Strauss & Co. Class A Common Stock due to dividend equivalent rights.

Summary

• On February 23, 2024, Yael Garten, a director of Levi Strauss & Co., acquired 92 shares of Class A Common Stock.
• The acquisition was due to dividend equivalent rights (DERs).
• 23 of the DERs are fully vested, while 69 will vest on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant.
• Following the transaction, Garten directly owns 40,501 shares of Class A Common Stock.
• The transaction was reported on February 27, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it shows continued investment by a company insider.

Positives

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

Future Outlook

The vesting schedule of the dividend equivalent rights suggests continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading and provide investors with insights into the actions of company insiders.

Key Dates