Form 4: Levi Strauss Director Yael Garten Receives 98 Shares

Levi Strauss & Co. Director Yael Garten acquired 98 shares of Class A Common Stock through dividend equivalent rights on February 25, 2026.

Summary

• Yael Garten, a Director at Levi Strauss & Co. (LEVI), acquired 98 shares of Class A Common Stock.
• The transaction occurred on February 25, 2026.
• These shares were acquired at a price of $0.00, indicating they were granted as part of compensation.
• The acquisition represents Dividend Equivalent Rights (DERs), which are contingent rights to receive one share of Class A Common Stock upon settlement.
• Following this transaction, Yael Garten beneficially owns a total of 60,571 shares of Class A Common Stock.
• The DERs vest consistent with their underlying awards, with 100% vesting on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the underlying award's grant date.
• Some DERs are already fully vested, and all awards are subject to a deferred delivery feature.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting a director's increased stake in the company through a compensation grant, which aligns interests with shareholders.

Positives

• Director Yael Garten increased her beneficial ownership in Levi Strauss & Co. by 98 shares, further aligning her interests with shareholders.
• The acquisition of Dividend Equivalent Rights (DERs) at $0.00 indicates a non-cash compensation component, often used to incentivize long-term commitment and retention of key personnel.

Future Outlook

The filing indicates that the Dividend Equivalent Rights (DERs) will vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the underlying award's grant date, with some already fully vested and all subject to deferred delivery.

Industry Context

StockSavvy.ai notes that routine insider filings like this Form 4 are common across industries, reflecting standard executive and director compensation practices. The grant of dividend equivalent rights is a typical mechanism to align director interests with long-term shareholder value, similar to practices seen in other consumer discretionary companies.

Comparison to Industry Standards

• The grant of dividend equivalent rights (DERs) as part of director compensation is a common practice among publicly traded companies, including peers in the apparel and retail sector such as PVH Corp. (PVH) and Ralph Lauren Corporation (RL).
• The $0.00 acquisition price for these shares is standard for equity grants that are part of a compensation package, rather than open market purchases.

Stakeholder Impact

• Shareholders: The increased beneficial ownership by a director aligns management interests with shareholder value creation.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The DERs will vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the underlying award's grant date.
• All awards are subject to a deferred delivery feature.

Key Dates

Recommendation

This Form 4 filing reports a routine compensation-related stock grant to a director, which is a standard practice and does not provide new fundamental information to warrant a change in investment thesis. It reinforces alignment of interests but does not suggest a significant shift in company prospects.

Keywords

Levi Strauss, LEVI, Yael Garten, Director, Insider Transaction, Form 4, Dividend Equivalent Rights, Stock Grant, Beneficial Ownership