McCormick Christopher J 4

What Happened
Christopher J. McCormick, a director of Levi Strauss & Co. (LEVI), was granted equity awards on 2026-02-25 consisting of 195 shares (awarded at $0.00) and 37 derivative shares (listed as a derivative acquisition at $0.00). The derivative units are dividend equivalent rights (DERs) that represent contingent rights to receive common stock upon settlement. This is an award/grant (code A) — not an open-market purchase or sale — and appears to be routine compensation or deferred award-related delivery rather than an investment buy or sale.

Key Details

• Transaction date: 2026-02-25; Report filed: 2026-02-27 (timely filing).
• Price: $0.00 per share; total cash paid: $0.
• Award amounts: 195 shares (award) and 37 DERs (derivative award).
• Shares owned after transaction: not stated in the Form 4 filing.
• Footnotes:
  • F1/F3: DERs are dividend-equivalent rights that convert to one share upon settlement; some DERs relate to Class A shares and some to Class B shares and may be subject to deferred delivery.
  • F2: Class B shares are convertible to Class A at the holder’s option.
• No indication of a 10b5-1 plan, sale, tax-withholding share-forfeiture, or late filing in the disclosure.

Context
Awards coded "A" typically reflect compensation or deferred delivery of shares to insiders and do not necessarily signal buying or selling intent. DERs simply represent future contingent share delivery (and sometimes mirror vesting/delivery timing of underlying awards). For investors, such grants are common for directors and should be viewed as routine equity compensation unless accompanied by sales or other material changes.