LEVI (LEVI) director Joshua Prime granted 98 dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prime Joshua E reported acquisition or exercise transactions in this Form 4 filing.
LEVI STRAUSS & CO director receives stock-based award
Director Joshua E. Prime received an award of 98 shares of Class A Common Stock in the form of dividend equivalent rights, granted at no cash cost. Each right represents a contingent right to receive one share when the related award settles.
After this grant, Prime directly holds 73,316 shares of Class A Common Stock. The dividend equivalent rights generally vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the related award, with some fully vested awards subject to deferred delivery.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Prime Joshua E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 98 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 73,316 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 98 shares
Price per share: $0.0000
Shares held after: 73,316 shares
3 metrics
Shares granted
98 shares
Dividend equivalent rights in Class A Common Stock
Price per share
$0.0000
Grant price for awarded shares
Shares held after
73,316 shares
Total direct Class A Common Stock after transaction
Key Terms
dividend equivalent rights (DERs), Class A Common Stock, Annual Stockholder Meeting, deferred delivery feature
4 terms
dividend equivalent rights (DERs) financial
"Represents dividend equivalent rights (DERs), each of which represents a contingent right"
Class A Common Stock financial
"each of which represents a contingent right to receive one share of the issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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.
deferred delivery feature financial
"Certain underlying awards are fully vested and are subject to a deferred delivery feature"
FAQ
What insider transaction did LEVI director Joshua E. Prime report on this Form 4?
Joshua E. Prime reported acquiring 98 shares of LEVI Class A Common Stock via a stock-based award. The award is structured as dividend equivalent rights, which convert into shares when the related underlying awards settle under the company’s equity compensation terms.
What are dividend equivalent rights (DERs) in the LEVI Form 4 filing?
Dividend equivalent rights represent a contingent right to receive one share of LEVI Class A Common Stock upon settlement. They vest and are delivered on the same schedule as the underlying awards, aligning director compensation with shareholder outcomes through stock-based incentives instead of immediate cash payments.
When do Joshua E. Prime’s LEVI dividend equivalent rights vest?
Unvested awards and related LEVI dividend equivalent rights vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date. Some underlying awards are already fully vested but use a deferred delivery feature for later share distribution.