Levi Strauss director awarded 125 stock DERs
Levi Strauss & Co. director Joshua E. Prime reported an acquisition of 125 dividend equivalent rights (DERs) tied to Class A Common Stock as a grant or award at a price of $0.00 per right.
Rhea-AI Filing Summary
Levi Strauss & Co. director Joshua E. Prime reported an acquisition of 125 dividend equivalent rights (DERs) tied to Class A Common Stock as a grant or award at a price of $0.00 per right. These DERs each represent a contingent right to receive one share of Class A stock upon settlement.
The DERs vest and are delivered on the same schedule as the underlying equity 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 date. After this grant, Prime directly holds 64,837 Class A-related shares and rights in total, including awards subject to potential deferred delivery features.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 125 | $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 insider transaction did LEVI director Joshua E. Prime report?
What are dividend equivalent rights (DERs) reported in the LEVI Form 4?
When do the Levi Strauss (LEVI) DERs granted to Joshua E. Prime vest?
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