Director Troy Alstead receives equity awards at Levi Strauss (NYSE: LEVI)
Rhea-AI Filing Summary
Alstead Troy reported acquisition or exercise transactions in this Form 4 filing.
Levi Strauss & Co. director Troy Alstead received equity-based awards on Class A and Class B shares as part of compensation, rather than making any open-market trades. He was granted 80 dividend equivalent rights on Class A Common Stock, which each represent a contingent right to receive one Class A share and will vest in full on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant.
He was also granted 284 dividend equivalent rights on Class B Common Stock, which are fully vested and subject to a deferral delivery feature. Following these awards, Alstead directly holds 136,026 shares of Class A Common Stock and 47,078 shares of Class B Common Stock. 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 284 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 80 | $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.