Beraud Jill 4

What Happened Jill Beraud, a member of Levi Strauss & Co.'s Board of Directors, was granted awards totaling 136 shares on May 6, 2026: a 50-share grant and 86 derivative awards (DERs). Both items are reported at an acquisition price of $0.00, so no cash was paid; the filing lists a total reported value of $0. These awards are compensation-related grants, not open-market purchases or sales.

Key Details

• Transaction date: May 6, 2026; Form 4 filed May 8, 2026 (appears timely).
• Grants reported: 50 shares (award/grant) and 86 derivative awards (DERs); reported price $0.00 for each.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes of note:
  • F1: DERs (dividend equivalent rights) convert to one share of Class A Common Stock upon settlement; vest 100% on earlier of the day before the next Annual Meeting or the first anniversary of grant.
  • F3: DERs representing rights to Class B Common Stock are fully vested; underlying Class B shares issued on settlement are subject to a deferral delivery feature.
  • F2: Each Class B share is convertible to one Class A share at holder's option and has no expiration date.
• No sale, purchase in the open market, 10b5-1 plan, or tax-withholding event is indicated.

Context DERs are contingent/compensatory rights that may convert into actual shares when settled; vesting and any deferral affect when the recipient receives stock. Because these are awards granted at $0, they represent compensation rather than an out-of-pocket purchase and should not be interpreted as a direct market buy or sell signal.