Levi Strauss (LEVI) director acquires 100 shares via DERs at $0
Levi Strauss & Co. (LEVI) reported a director acquisition on a Form 4.
Rhea-AI Filing Summary
Levi Strauss & Co. (LEVI) reported a director acquisition on a Form 4. On 11/04/2025, the director acquired 100 shares of Class A Common Stock at $0.00, arising from dividend equivalent rights (DERs). Following the transaction, the director beneficially owned 14,176 shares directly.
The filing explains that each DER represents a contingent right to receive one share upon settlement and vests and is delivered consistent with the underlying awards. Unvested awards and related DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant; certain fully vested awards have deferred delivery terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 100 | $0.00 | $0.00 |
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.
FAQ
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What did LEVI report on this Form 4?
What are dividend equivalent rights (DERs) in this context?
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