Rodgers Elliott 4
4 · LEVI STRAUSS & CO · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
LEVI Director Rodgers Elliott Buys Shares, Receives Award
What Happened
Rodgers Elliott, a director of Levi Strauss & Co. (LEVI), acquired 216 shares on 2026-02-24 at $22.00 per share for a total of $4,752 via a dividend reinvestment. On 2026-02-25 he was also granted 106 dividend-equivalent rights (DERs) with no cash price (reported as $0), which represent contingent rights to receive shares upon settlement. The open-market-style purchase (dividend reinvestment) is a modest cash investment; the DER grant is an award, not an immediate market purchase.
Key Details
- Purchase: 216 shares @ $22.00 on 2026-02-24 for $4,752 (acquired via dividend reinvestment program; footnote F1).
- Award: 106 dividend-equivalent rights (DERs) granted on 2026-02-25 reported at $0 (footnote F2 explains DERs convert to shares upon settlement and vesting rules).
- Filing timeliness: The Feb 24 purchase is marked with timeliness code "L" — filing date was 2026-02-26 (two days after the reported transaction).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes: F1 = shares were bought via a personal brokerage dividend reinvestment program; F2 = DERs are contingent rights to receive one share each upon settlement and follow the vesting/delivery terms of underlying awards.
Context
Dividend reinvestment purchases are routine ways insiders add small positions and are generally treated differently than deliberate open-market buys. DER grants are awards tied to other equity awards and will convert to shares according to vesting and delivery rules, so they do not reflect an immediate cash purchase or sale.
Insider Transaction Report
- Small Acquisition
Class A Common Stock
[F1]2026-02-24$22.00/sh+216$4,752→ 51,132 total - Award
Class A Common Stock
[F2]2026-02-25+106→ 51,238 total
Footnotes (2)
- [F1]Shares were acquired pursuant to a dividend reinvestment program offered through a personal brokerage account.
- [F2]Represents dividend equivalent rights (DER), 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.