ECKERT ROBERT 4

What Happened

• Robert Eckert, a director of Levi Strauss & Co. (LEVI), was granted equity awards on May 6, 2026. He was issued 355 shares as an award (no cash paid) and 274 derivative awards (DERs) that represent contingent rights to receive shares upon settlement. Both entries were reported on a Form 4 filed May 8, 2026.
• The awards show $0 purchase price because they are grants/awards (transaction code A). These are not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (filed within the usual 2-business-day window).
• Award amounts: 355 shares (award) and 274 DERs (derivative contingent rights); reported price $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes:
  • DERs are dividend-equivalent rights that each represent a contingent right to receive one share upon settlement; some DERs are tied to Class A shares and some to Class B (Class B shares are convertible to Class A at the holder’s option).
  • 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; certain DERs are already fully vested.
  • All awards and related DERs are subject to a deferred delivery feature (shares may be delivered later).
• Filing timeliness: Transaction reported within the standard reporting window (not marked late).

Context

• This was an equity award/grant to a director (not a purchase or sale). Awards and DERs are commonly used for director compensation; they do not necessarily signal buying or selling intent by the insider.
• DERs are not immediate shares—they are contingent rights that convert to shares when settled and may be subject to deferral, so the economic or voting impact occurs later.