Levi Strauss (NYSE: LEVI) director Eckert receives new Class A and B awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEVI STRAUSS & CO director Robert Eckert reported stock-based awards rather than open-market trades. He acquired 283 shares of Class B Common Stock and 316 shares of Class A Common Stock on a grant or award basis at a stated price of $0.00 per share.
The awards are structured as dividend equivalent rights (DERs), which each represent a contingent right to receive one share upon settlement. Related DERs generally vest in line with the underlying awards, with some DERs already fully vested and all subject to deferred delivery terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
ECKERT ROBERT
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 283 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 316 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 219,701 shares (Direct);
Class A Common Stock — 94,489 shares (Direct)
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 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 DERs are fully vested. All awards are subject to a deferred delivery feature, these same terms apply to the related DERs. 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.
FAQ
What insider transaction did LEVI director Robert Eckert report on this Form 4?
Robert Eckert reported acquiring stock-based awards rather than trading shares in the market. He received 283 shares of Class B Common Stock and 316 shares of Class A Common Stock as grants, at a stated price of $0.00 per share, increasing his direct holdings.
What are dividend equivalent rights (DERs) in the context of LEVI’s director awards?
Dividend equivalent rights (DERs) give a contingent right to receive one share upon settlement for each right. For LEVI, DERs generally vest and are delivered on the same schedule as related awards, with some already fully vested and all subject to deferred delivery features described in the filing.