Levi Strauss Director Daniel Geballe Receives 130-Share Award

What Happened

• Daniel W. Geballe, a director of Levi Strauss & Co. (LEVI), was granted 130 dividend-equivalent rights (DERs) on 2026-08-05. The reported acquisition price is $0.00, so there was no cash outlay at grant.
• The filing reports the instrument as an award/grant (code A). Each DER represents a contingent right to receive one share of the issuer’s Class A common stock upon settlement.

Key Details

• Transaction date: 2026-08-05; Form 4 filed 2026-08-07 (appears timely — within the usual two-business-day window).
• Price: $0.00 per DER; aggregate reported value $0 at grant.
• Shares owned after transaction: not specified in the reported transaction.
• Footnote: The 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 Stockholder Meeting or the first anniversary of the grant. Some underlying awards are already vested but subject to deferred delivery; the same delivery terms apply to the DERs.

Context

• DER grants are a non-cash compensation/award mechanism; they do not reflect an open-market purchase or sale by the insider and should not be interpreted as a direct buy/sell signal.
• These awards may convert to shares on settlement according to the stated vesting/delivery schedule.