Director Jenny Ming (NYSE: LEVI) receives new stock-based awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Levi Strauss & Co. director Jenny J. Ming reported receiving stock-based awards rather than buying shares on the open market. She was granted 50 shares of Class A Common Stock at no cost, bringing her direct Class A holdings to 73,033 shares.
She also acquired 97 dividend equivalent rights tied to Class B Common Stock, each representing a contingent right to receive one share of Class A Common Stock upon settlement. Separately, she now holds 60,087 Class B-related rights that are fully vested but subject to deferred delivery, and each Class B share is convertible into one Class A share at the holder’s option.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MING JENNY J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 97 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 50 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 60,087 shares (Direct, null);
Class A Common Stock — 73,033 shares (Direct, null)
Footnotes (1)
- 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 shall 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. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. Represents DERs, each of which represents a contingent right to receive one share of the issuer's Class B Common Stock upon settlement. The DERs are fully vested. The underlying shares of Class B Common Stock issuable pursuant to the DERs are subject to a deferral delivery feature.
Key Figures
Class A shares granted: 50 shares
Class A shares held after grant: 73,033 shares
Class B DERs granted: 97 rights
+3 more
6 metrics
Class A shares granted
50 shares
Grant of Class A Common Stock on May 6, 2026
Class A shares held after grant
73,033 shares
Direct Class A holdings following the transaction
Class B DERs granted
97 rights
Dividend equivalent rights tied to Class B Common Stock
Class B-related rights after grant
60,087 rights
Total DERs relating to Class B following the transaction
Class A conversion ratio
1:1
Each Class B share convertible into one Class A share
DER vesting condition
100% vest at next meeting/anniversary
Class A-related DERs vest on specified future date
Key Terms
dividend equivalent rights (DERs), deferral delivery feature, Class B Common Stock, contingent right
4 terms
dividend equivalent rights (DERs) financial
"Represents dividend equivalent rights (DERs), each of which represents a contingent right to receive one share..."
deferral delivery feature financial
"The underlying shares of Class B Common Stock issuable pursuant to the DERs are subject to a deferral delivery feature."
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
contingent right financial
"each of which represents a contingent right to receive one share of the issuer's Class A Common Stock upon settlement."
FAQ
What did Levi Strauss (LEVI) director Jenny Ming acquire in this Form 4?
Jenny Ming received stock-based awards, not open-market purchases. She was granted 50 shares of Levi Strauss Class A Common Stock at no cost and 97 dividend equivalent rights tied to Class B Common Stock, increasing her overall equity-based compensation position in the company.
What are dividend equivalent rights (DERs) reported for Levi Strauss (LEVI)?
The filing states that dividend equivalent rights, or DERs, each represent a contingent right to receive one share of Levi Strauss Class A or Class B Common Stock upon settlement. Some DERs vest on a future date, while others are fully vested but subject to deferred delivery provisions.
Were Jenny Ming’s Levi Strauss (LEVI) transactions open-market buys or compensation awards?
The transactions are coded as grants or awards with a reported price per share of $0.0000, indicating compensation-related acquisitions rather than open-market purchases. The Form 4 describes them as grant, award, or other acquisition, consistent with stock-based director compensation.