Form 4: Levi Strauss Executive Vice Chair Converts Class B Common Stock to Class A
SEC Form 4 Filing
Charles V. Bergh, Executive Vice Chair of Levi Strauss & Co., converted 562,229 shares of Class B Common Stock into Class A Common Stock on March 26, 2024.
Summary
- On March 26, 2024, Charles V. Bergh, the Executive Vice Chair of Levi Strauss & Co., converted 562,229 shares of Class B Common Stock into Class A Common Stock.
- The conversion was executed at a price of $0.00 per share.
- Following the transaction, Bergh directly owns 2,540,055 shares of Class A Common Stock.
- Bergh also indirectly owns shares through various family trusts, including trusts formed in 2019, 2022 and 2023, and an irrevocable trust where he serves as the Investment Direction Adviser.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock conversion. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.
Stakeholder Impact
- The conversion of stock may have a minor impact on shareholders due to the change in the number of outstanding shares of each class, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of the transaction: conversion of Class B Common Stock to Class A Common Stock. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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