Levi Strauss & Co (LEVI) director receives 106 dividend equivalent rights
Rhea-AI Filing Summary
Prime Joshua E reported acquisition or exercise transactions in this Form 4 filing.
Levi Strauss & Co director Joshua E. Prime reported a grant of 106 dividend equivalent rights, each representing a contingent right to receive one share of Class A Common Stock, at no cash cost. Following this award, he directly holds 73,422 Class A shares or related rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 106 shares
Net Buy
1 txn
Insider
Prime Joshua E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 106 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 73,422 shares (Direct)
Footnotes (1)
- F1. 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 vest and are delivered consistent with the underlying awards to which they relate. Unvested awards and the related DERs 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. Certain underlying awards are fully vested and are subject to a deferred delivery feature, these same terms apply to the related DERs.
Key Figures
Dividend equivalent rights granted: 106.0000
Grant price per right: $0.0000
Direct holdings after grant: 73422.0000 shares
+1 more
4 metrics
Dividend equivalent rights granted
106.0000
Number of DERs granted to director Joshua E. Prime representing contingent rights to Class A shares
Grant price per right
$0.0000
Cash price per dividend equivalent right in the reported award
Direct holdings after grant
73422.0000 shares
Total Class A Common Stock or related rights directly held following the transaction
Vesting percentage of unvested awards
100%
Unvested awards and related DERs vest 100% by the earlier specified vesting date
Key Terms
dividend equivalent rights (DERs), contingent right, deferred delivery feature, Annual Stockholder Meeting
4 terms
dividend equivalent rights (DERs) financial
"Represents dividend equivalent rights (DERs), each of which represents a contingent right"
contingent right financial
"each of which represents a contingent right to receive one share of Class A"
deferred delivery feature financial
"Certain underlying awards are fully vested and are subject to a deferred delivery feature"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Joshua E. Prime report for LEVI?
Joshua E. Prime, a director of Levi Strauss & Co (LEVI), reported a grant of 106 dividend equivalent rights, each tied to one share of Class A Common Stock, with no cash paid and direct holdings now totaling 73,422 shares or related rights.
How many dividend equivalent rights did LEVI director Joshua E. Prime receive?
He received 106 dividend equivalent rights (DERs). Each DER represents a contingent right to receive one share of Levi Strauss Class A Common Stock upon settlement, vesting on the same schedule as the underlying director equity awards to which they relate.
When do Joshua E. Prime’s LEVI dividend equivalent rights vest?
The disclosure states that unvested awards and related DERs 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 grant date of the underlying award.
What are Joshua E. Prime’s direct LEVI holdings after this Form 4 transaction?
After the reported grant, Joshua E. Prime directly holds 73,422 shares of Levi Strauss Class A Common Stock or related rights, according to the post-transaction total provided in the insider ownership table for this Form 4 filing.
Were Joshua E. Prime’s LEVI transactions made under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox is marked as false, indicating the reported grant of dividend equivalent rights was not affirmed as being effected pursuant to a Rule 10b5-1 trading plan in this insider ownership report.