Neal Stephen C 4
4 · LEVI STRAUSS & CO · Filed Mar 2, 2021
Insider Transaction Report
Form 4
Neal Stephen C
Director
Transactions
- Award
Class A Common Stock
2021-02-26+91→ 143,730 total
Footnotes (2)
- [F1]With respect to 43 dividend equivalent rights (DER), each of those DERs represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. 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. The DERs vest in a series of three (3) equal installments on the dates that are thirteen (13), twenty-four (24) and thirty-six (36) months following the date of grant.
- [F2]Settlement of DER in connection with restricted stock units (RSU). The rights accrued when and as dividends were paid on the Issuer's Class A common stock or Class B common stock, as appropriate, and became exercisable proportionately with the RSU to which they are related. Each DER is the economic equivalent of one share of the Issuer's Class A common stock or Class B common stock, as appropriate.