MING JENNY J 4

What Happened Jenny J. Ming, a director of Levi Strauss & Co. (LEVI), was granted awards on Feb 25, 2026 totaling 176 dividend-equivalent rights (DERs): 75 DERs tied to Class A common stock and 101 DERs tied to Class B common stock. Each grant was recorded at $0.00 per unit (no cash price); reported filing date is Feb 27, 2026. These awards are grants (not purchases or sales) and represent contingent rights to receive shares upon settlement.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27.
• Grants: 75 DERs (Class A) @ $0.00; 101 DERs (Class B, derivative) @ $0.00 — total 176 DERs; reported value $0.
• Vesting/settlement notes:
  • The 75 DERs (F1) vest 100% on the earlier of the day before the next annual meeting or the first anniversary of grant and convert to one Class A share upon settlement.
  • The 101 DERs (F3) are fully vested, represent rights to receive one Class B share upon settlement, and the underlying Class B shares are subject to a deferral delivery feature.
  • Each Class B share is convertible into one Class A share at the holder’s option and has no expiration (F2).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Filing appears timely (transaction 2/25/2026; Form 4 filed 2/27/2026); no late-filing flag noted in the provided data.

Context These entries are awards of dividend-equivalent rights (DERs), not open-market purchases or sales. DERs are contingent claims that convert to actual shares upon settlement and may have vesting or delivery deferral conditions; such awards are common compensation for directors and do not by themselves indicate a purchase-based bullish signal.