Garten Yael 4

What Happened

• Yael Garten, a director of Levi Strauss & Co. (LEVI), received an award of 98 dividend-equivalent rights (DERs) on 2026-02-25. The filing lists the acquisition price as $0.00 and a reported value of $0, reflecting that this is an equity award rather than a cash purchase.
• These DERs are contingent rights to receive one share of Class A common stock per DER upon settlement and are tied to the underlying awards’ vesting and delivery schedule. Delivery is subject to a deferred-delivery feature.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (timely within the usual two-business-day Form 4 window).
• Instrument: 98 dividend-equivalent rights (DERs) granted; reported price $0.00; reported value $0.
• Vesting/delivery: DERs vest and are delivered consistent with underlying awards; unvested awards and related DERs vest 100% on the earlier of the day before the next annual stockholder meeting or the first anniversary of the grant. Some DERs are already fully vested.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: All awards and related DERs are subject to a deferred delivery feature.

Context

• DERs are a form of compensation that convert to shares when settled; they do not represent an open-market purchase or sale. Such grants to directors are common as part of routine compensation and do not by themselves indicate insider sentiment to buy or sell stock.