Levi Strauss & Co (NYSE: LEVI) grants director 67 dividend rights
Rhea-AI Filing Summary
Jones Jeffrey J II reported acquisition or exercise transactions in this Form 4 filing.
Levi Strauss & Co director Jeffrey J. Jones II reported an equity award of 67 dividend equivalent rights (DERs), each representing a contingent right to receive one share of Class A Common Stock upon settlement. After this grant, he holds 10,590 Class A shares directly. The DERs vest and are delivered on the same schedule as related director awards, with unvested awards and related DERs vesting 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the underlying grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 67 shares
Net Buy
1 txn
Insider
Jones Jeffrey J II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 67 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 10,590 shares (Direct)
Footnotes (1)
- F1. Represents dividend equivalent rights (DERs), each of which represents a contingent right to receive one share of the issuer's Class A Common Stock upon settlement. The DERs vest and are delivered consistent with the underlying awards to which they relate. Unvested awards and the related DERs 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 of the underlying award. Certain underlying awards are fully vested and are subject to a deferred delivery feature, these same terms apply to the related DERs.
Key Figures
Dividend equivalent rights granted: 67
Grant price per share: $0.0000 per share
Shares held after transaction: 10,590 shares
+1 more
4 metrics
Dividend equivalent rights granted
67
Number of DERs awarded to Jeffrey J. Jones II
Grant price per share
$0.0000 per share
Reported transaction price per share for the DER-related Class A stock
Shares held after transaction
10,590 shares
Total Class A Common Stock held directly by Jeffrey J. Jones II after the grant
Vesting trigger
100% on earlier of day before next Annual Stockholder Meeting or first anniversary
Vesting terms for unvested awards and related DERs
Key Terms
dividend equivalent rights, deferred delivery feature, Annual Stockholder Meeting
3 terms
dividend equivalent rights financial
"Represents dividend equivalent rights (DERs), each of which represents a contingent right to receive one share"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
deferred delivery feature financial
"Certain underlying awards are fully vested and are subject to a deferred delivery feature"
Annual Stockholder Meeting financial
"vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting"
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LEVI director Jeffrey J. Jones II report?
Jeffrey J. Jones II reported an award of 67 dividend equivalent rights (DERs) linked to Levi Strauss Class A Common Stock. Each DER is a contingent right to receive one share upon settlement, with no cash price shown for the grant.
What are dividend equivalent rights (DERs) in the LEVI Form 4?
Dividend equivalent rights (DERs) are awards that represent a contingent right to receive one share of Levi Strauss Class A Common Stock upon settlement. They vest and are delivered on the same schedule as the underlying equity awards to which they relate.
When do the LEVI director’s dividend equivalent rights vest?
Unvested awards and related DERs 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 of the underlying award, according to the disclosure.
Are any of the LEVI director’s awards subject to deferred delivery?
Yes. The disclosure states that certain underlying awards are fully vested but subject to a deferred delivery feature, and the same deferred delivery terms apply to the related dividend equivalent rights associated with those awards.