Jones Jeffrey J II 4

What Happened Jeffrey J. Jones II, a director of Levi Strauss & Co. (LEVI), was granted 62 shares on 2026-05-06 as an award (transaction code A) at $0.00 per share. The filing reports this as dividend-equivalent rights (DERs) that represent a contingent right to receive one share of Class A common stock upon settlement. This was a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-06; Filing date: 2026-05-08 (Form 4, accession 0001999371-26-010376).
• Reported consideration: $0.00 per share (award/grant). Total cash paid: $0.
• Award type: Dividend Equivalent Rights (DERs) — each DER converts to one share upon settlement.
• Vesting/settlement: DERs vest and are delivered consistent with the underlying awards. Unvested awards and related DERs vest 100% on the earlier of (a) the day before the next annual stockholder meeting or (b) the first anniversary of the grant. Some underlying awards are already fully vested but subject to deferred delivery; the same terms apply to the DERs.
• Shares owned after the transaction: not specified in the Form 4 filing.
• Timeliness: Filing appears timely (no late filing reported).

Context DERs are a form of deferred compensation that convert into shares when settled; they are common for directors and typically reflect routine compensation rather than an investment decision. Because this was an award (not a purchase or sale), it should be interpreted as compensation-related rather than a bullish or bearish trading signal.