Levi Strauss Director Patrick Artemis Receives 68-Share Award

What Happened

• Patrick Artemis, a director of Levi Strauss & Co. (LEVI), received a grant of 68 dividend-equivalent rights (DERs) on August 5, 2026. The reported acquisition price is $0.00, so no cash was paid. These DERs represent contingent rights to receive one share of Class A common stock per DER upon settlement.

Key Details

• Transaction date: 2026-08-05 (reported filed 2026-08-07).
• Transaction type: Award/Grant (code A); quantity: 68 DERs; price: $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: The DERs are contingent rights that 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 stockholder meeting or the first anniversary of the grant. Some related awards may be fully vested but subject to deferred delivery.
• Timeliness: Filing was submitted two days after the transaction date, which appears to be timely under standard Section 16 reporting rules.

Context

• DERs are a form of compensation tied to underlying equity awards; they do not involve an immediate cash purchase or sale and are settled in shares when vesting/delivery conditions are met. Such compensation grants are routine for executives and directors and do not, by themselves, indicate a buy or sell signal.