LEVI Insider Filing: 82 Class A DERs and 320 Class B DERs Reported
Rhea-AI Filing Summary
Alstead Troy, a director of Levi Strauss & Co. (LEVI), reported acquisitions on Form 4 dated 08/08/2025. The filing shows the acquisition of 82 dividend equivalent rights (DERs) tied to Class A common stock and 320 DERs tied to Class B common stock.
After the transactions the report lists 122,616 shares of Class A common stock beneficially owned and 46,169 derivative securities beneficially owned. The Class A DERs vest 100% on the earlier of the day before the next annual meeting or the first anniversary of grant; the Class B DERs are fully vested and the underlying Class B shares are convertible into Class A shares and subject to a deferred delivery feature. The form is signed by an attorney-in-fact on 08/12/2025.
Positive
- Acquisition recorded: 82 DERs tied to Class A common stock were acquired on 08/08/2025.
- Fully vested grant: 320 DERs tied to Class B common stock are reported as fully vested.
- Post-transaction ownership disclosed: The filing shows 122,616 Class A shares and 46,169 derivative securities beneficially owned following the transactions.
Negative
- None.
Insights
TL;DR: Routine director award recorded; shows vested and unvested DERs increasing reported beneficial ownership, with standard vesting and deferral terms.
The Form 4 documents equity awards to a board member rather than open-market purchases or dispositions. It details 82 Class A DERs with a specified vesting event and 320 Class B DERs that are fully vested but subject to deferred delivery. These are standard compensation mechanisms for directors and do not, by themselves, indicate a change in control or material corporate action. The filing is informational and customary for director compensation reporting.
TL;DR: Transaction codes show acquisitions at $0.00 price (awards/DERs); no sales or market purchases reported, so immediate market impact is likely limited.
The Form 4 reports acquisitions coded as awards with a price of $0.00, consistent with dividend equivalent rights and deferred equity grants. It also discloses the conversion feature of Class B into Class A shares and the post-transaction beneficial ownership figures of 122,616 Class A and 46,169 derivative securities. From a securities perspective, these entries are routine insider disclosures required under Section 16 and do not reflect cash transactions or exercises that would immediately affect outstanding publicly traded shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 320 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 82 | $0.00 | -- |
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.
