Patrick Artemis 4

What Happened

Patrick Artemis, a director of Levi Strauss & Co. (LEVI), was granted 89 shares on February 25, 2026. The Form 4 reports these as an award/acquisition (code A) at $0.00 per share (total reported value $0). This is a compensatory award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-25; reported on Form 4 filed 2026-02-27 (timely within the 2-business-day SEC window).
• Amount: 89 shares acquired; price reported $0.00; reported total $0.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The grant represents dividend equivalent rights (DERs) that are contingently payable in shares upon settlement. Vesting/delivery terms are tied to the underlying awards (see Context).
• Transaction type: Award/grant (compensation), not a purchase or sale.

Context

DERs are rights that mirror dividend payments and here represent a contingent right to receive one share per DER upon settlement. The filing notes 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 underlying awards are already vested but subject to deferred delivery, and the same terms apply to the DERs. Such awards are common for directors and reflect compensation, not necessarily a market sentiment signal.