Garten Yael 4

What Happened

• Yael Garten, a director of Levi Strauss & Co. (LEVI), was granted 145 dividend-equivalent rights (DERs) on May 6, 2026. The grant is reported as an award (code A) with a reported acquisition price of $0.00 — this is a non-cash equity award rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-06; filing date: 2026-05-08.
• Award: 145 dividend-equivalent rights (each DER represents a contingent right to receive one share upon settlement); reported acquisition price: $0.00.
• Post-transaction holdings: Not specified in this Form 4 filing.
• Vesting/settlement notes: DERs vest and are delivered consistent with the underlying awards. Unvested awards and related DERs vest 100% on the earlier of the day before the next annual meeting or the first anniversary of the grant; some DERs are fully vested. All awards are subject to a deferred delivery feature.
• Filing timeliness: Filed within two days of the transaction date; no late filing indicated.

Context

• These DERs are a form of equity compensation (a contingent right to receive shares) rather than a cash purchase or sale; they typically vest over time or on a specified event and may be delivered after a deferral period. Such awards are a routine part of director compensation and do not by themselves indicate a buy/sell signal.