Director at Levi Strauss (NYSE: LEVI) granted 89 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Levi Strauss & Co. director Patrick Artemis acquired 89 dividend equivalent rights (DERs) tied to Class A Common Stock at no cost. Each DER represents a contingent right to receive one share upon settlement, vesting in line with the underlying equity awards. After this grant, Artemis directly holds 14,265 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patrick Artemis
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 89 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 14,265 shares (Direct)
Footnotes (1)
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FAQ
What did Levi Strauss (LEVI) director Patrick Artemis report in this Form 4?
Patrick Artemis reported acquiring 89 dividend equivalent rights (DERs) linked to Levi Strauss Class A Common Stock at no cost. These DERs mirror underlying stock awards and convert into shares upon settlement, increasing his direct Class A holdings to 14,265 shares.
What are dividend equivalent rights (DERs) in the Levi Strauss (LEVI) filing?
Dividend equivalent rights (DERs) are contingent rights to receive one share of Levi Strauss Class A Common Stock for each DER upon settlement. They track dividends and vest on the same schedule and terms as the underlying equity awards they accompany for the reporting director.
How do the Levi Strauss (LEVI) DERs granted to Patrick Artemis vest?
The DERs vest and are delivered on the same timetable as the related stock awards. Unvested awards and their DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date of the underlying award.
Did Patrick Artemis pay for the Levi Strauss (LEVI) DERs reported in this Form 4?
No, the 89 dividend equivalent rights (DERs) were granted at a reported price of $0.0000 per unit. This indicates a compensatory equity award rather than an open-market purchase, consistent with the Form 4 code for a grant or other acquisition.