Levi Strauss (LEVI) Director Yael Garten Receives 156-Share Award

What Happened
Yael Garten, a director of Levi Strauss & Co. (LEVI), received an award of 156 dividend-equivalent rights (DERs) on August 5, 2026. The filing reports an acquisition at $0.00 (no cash paid) for a total reported value of $0. These awards are compensation-related equity equivalents rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-05; filing date: 2026-08-07 (timely Form 4 filing).
• Transaction type/code: A = Award/Grant. Quantity: 156 DERs; price reported $0.00.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote (F1): DERs are contingent rights to receive one share of Class A common stock upon settlement. 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 grant. Certain DERs are already fully vested. All awards (and related DERs) are subject to a deferred delivery feature.
• Tax/withholding or 10b5-1: none reported in the provided data.

Context
Dividend-equivalent rights are a form of equity compensation that provide the right to receive shares later (and may include dividend equivalents). Such grants are routine for directors and reflect compensation rather than an immediate buy or sell signal. Settlement, vesting, and deferred delivery terms determine when the award converts into actual shares and potential tax consequences.