Beraud Jill 4

What Happened

• Jill Beraud, a director of Levi Strauss & Co. (LEVI), was granted a total of 164 dividend-equivalent rights (DERs) on Feb 25, 2026: 75 DERs tied to Class A common stock and 89 DERs tied to Class B common stock. Each award was recorded at $0.00 (no cash paid at grant). These were award/grant transactions (code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (covers the Feb 25 grants).
• Grant amounts and prices: 75 DERs @ $0.00; 89 DERs (derivative award) @ $0.00 — total 164 DERs.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes of note:
  • F1: The 75 DERs represent contingent rights to receive one share of Class A common stock upon settlement; they vest 100% either the day before the next annual meeting or on the first anniversary of grant, whichever is earlier.
  • F3: The 89 DERs represent contingent rights to receive one share of Class B common stock upon settlement; these DERs are fully vested but the underlying Class B shares are subject to a deferral delivery feature.
  • F2: Each Class B common share is convertible into one Class A common share at the holder’s option and has no expiration date.
• Filing timeliness: The Form 4 was filed two days after the transaction date; no late-filing flag is indicated.

Context

• These entries are awards (grant of DERs), not purchases or sales—awards convey potential future shares rather than immediate cash transactions. Class B DERs here are fully vested but have a deferral delivery feature; Class A DERs vest on a time/meeting-based schedule. For retail investors, grants to directors are routine compensation and do not by themselves indicate buying or selling sentiment.