Geballe Daniel W 4

What Happened

• Daniel W. Geballe, a director of Levi Strauss & Co. (LEVI), received an award of 74 dividend-equivalent rights (DERs) on Feb 25, 2026. The filing shows 74 shares at $0.00 (grant = $0 cash outlay).
• This was an award (not an open‑market purchase or sale). Each DER is a contingent right to receive one share of Class A common stock upon settlement.

Key Details

• Transaction date: 2026-02-25; Form filed: 2026-02-27 (timely based on the report).
• Reported grant: 74 DERs @ $0.00 (total reported cash value $0).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date; upon settlement each DER converts to one share of Class A common stock.
• Transaction code: A = Award/Grant; no 10b5-1, tax‑withholding, or late‑filing flags noted in the provided data.

Context

• DERs are a form of deferred equity: they don’t immediately deliver stock but entitle the holder to receive shares later (here, once vesting/settlement conditions are met).
• Because this is a routine equity award to an insider (director), it’s a compensation event rather than a direct market purchase or sale; it should be interpreted as part of standard director pay, not necessarily a personal buy/sell signal.