Levi Strauss (LEVI) director awarded 74 Class A dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Geballe Daniel W reported acquisition or exercise transactions in this Form 4 filing.
Levi Strauss & Co. director Daniel W. Geballe reported an equity award tied to 74 DERs linked to Class A Common Stock. These dividend equivalent rights each represent a contingent right to receive one share of Class A stock upon settlement. The DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant of the underlying award. After this grant, Geballe holds 11,791 shares of Class A Common Stock in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Geballe Daniel W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 74 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 11,791 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did LEVI director Daniel W. Geballe report?
Daniel W. Geballe reported acquiring 74 dividend equivalent rights (DERs) linked to Levi Strauss Class A Common Stock. Each DER is a contingent right to receive one share upon settlement, increasing his reported Class A-related holdings.
What are the terms of the 74 dividend equivalent rights granted to LEVI director Geballe?
The 74 dividend equivalent rights each represent a contingent right to receive one share of Levi Strauss Class A Common Stock. They vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting or the award’s first anniversary.
When do Daniel W. Geballe’s Levi Strauss DER awards vest?
The dividend equivalent rights vest fully on the earlier of two dates: the day before the next Annual Stockholder Meeting or the first anniversary of the grant date of the underlying award, according to the Form 4 footnote.
Does the Form 4 for LEVI show a market purchase or sale by Daniel W. Geballe?
The Form 4 shows a grant or award acquisition of 74 DERs, not a market purchase or sale. The transaction code is “A” for grant, award, or other acquisition with a reported price per share of 0.0000.