Stock award boosts Levi Strauss (NYSE: LEVI) director share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Levi Strauss & Co. director Jeffrey J. Jones II reported an equity award tied to the company’s Class A Common Stock. He acquired 13 dividend equivalent rights, each representing a contingent right to receive one share with a grant price of $0.00 per share.
The 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 and are subject to a deferred delivery feature. Following this grant, Jones directly holds 2,080 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jones Jeffrey J II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 13 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 2,080 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Levi Strauss (LEVI) report for Jeffrey J. Jones II?
Levi Strauss reported that director Jeffrey J. Jones II received 13 dividend equivalent rights tied to Class A Common Stock at $0.00 per share, increasing his direct holdings to 2,080 shares after the award.
What did Jeffrey J. Jones II receive in the latest Levi Strauss (LEVI) Form 4 filing?
Jeffrey J. Jones II received 13 dividend equivalent rights, each tied to one share of Levi Strauss Class A Common Stock. These rights were granted at $0.00 per share as a non-cash equity award described as a grant or other acquisition.
When do the Levi Strauss (LEVI) dividend equivalent rights awarded to Jeffrey J. Jones II vest?
The dividend equivalent rights vest 100% on the earlier of the day before Levi Strauss’s next annual stockholder meeting or the first anniversary of the grant date. After vesting, the rights remain subject to a deferred delivery feature for the underlying shares.
What are dividend equivalent rights in the Levi Strauss (LEVI) director award?
The dividend equivalent rights represent contingent rights to receive one share of Levi Strauss Class A Common Stock for each right upon settlement. They mirror dividends on the underlying award and follow the same vesting and deferred delivery terms as the related equity grant.