Levi Strauss (LEVI) Director Robert Eckert Receives Award

What Happened

• Robert Eckert, a director of Levi Strauss & Co. (LEVI), was granted stock awards on 2026-08-05: 381 shares (awarded at $0.00) plus 293 derivative awards (DERs) at $0.00, for a total of 674 award units. The reported acquisition value is $0 because these are awards/derivative rights, not a cash purchase.

Key Details

• Transaction date: 2026-08-05; Form 4 filed 2026-08-07 (filed within the typical two‑business‑day window).
• Price: $0.00 per share/unit; total reported acquisition value $0.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • Some awards are dividend equivalent rights (DERs) that each represent a contingent right to receive one share of Class A common stock upon settlement; unvested awards and related DERs generally vest 100% on the earlier of the day before the next annual meeting or the first anniversary of grant, though certain DERs are fully vested (F1).
  • Class B common stock is convertible into Class A at the holder’s option and has no expiration (F2).
  • A set of DERs represent contingent rights to Class B shares and are fully vested; underlying Class B shares tied to those DERs are subject to deferred delivery (F3).
• Nature of transaction: Award/Grant (code A). No sale or open‑market purchase occurred.

Context

• These are director awards and DERs with deferred delivery/vesting features — common non‑cash compensation for directors. DERs are contingent rights (not immediate shares) and some awards may not be delivered until after vesting or a deferral period. This is not a cash purchase or sale and does not, by itself, indicate buying/selling intent.