Gap Inc (NYSE: GAP) director awarded stock units and dividend rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donohue Elisabeth B reported acquisition or exercise transactions in this Form 4 filing.
Gap Inc. director Elisabeth B. Donohue reported equity compensation awards rather than market trades. She received 9,903 stock units and 1,812.5504 dividend equivalent rights, each economically equal to one share of common stock. Both awards are immediately vested, but share delivery is deferred for three years from grant or until she leaves the Board, if earlier. Following these grants, she directly holds 57,705 stock units and 4,680.7977 dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Donohue Elisabeth B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 1,812.55 | $0.00 | -- |
| Grant/Award | Stock Units | 9,903 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 4,680.798 shares (Direct);
Stock Units — 57,705 shares (Direct)
Footnotes (1)
- Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock. The dividend equivalent rights accrued on stock units originally granted on June 30, 2022, June 30, 2023, June 30, 2024, and June 30, 2025, and are immediately vested. Vested shares are delivered to the reporting person no sooner than three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier. Not applicable. Each stock unit represents a contingent right to receive one share of Gap Inc. common stock. Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant, unless further deferred, or immediately upon cessation of service as a member of the Board, if earlier.
Key Figures
Stock units granted: 9,903 stock units
Dividend equivalent rights granted: 1,812.5504 rights
Stock units held after transaction: 57,705 stock units
+3 more
6 metrics
Stock units granted
9,903 stock units
Grant to director Elisabeth B. Donohue on June 30, 2026
Dividend equivalent rights granted
1,812.5504 rights
Dividend equivalents accruing on prior stock unit grants
Stock units held after transaction
57,705 stock units
Total direct stock units following the June 30, 2026 grants
Dividend equivalent rights held after transaction
4,680.7977 rights
Total direct dividend equivalent rights after the awards
Economic equivalence
1:1 with common stock
Each dividend equivalent right equals one Gap Inc. common share
Vesting status
Immediately vested
Both stock units and dividend equivalent rights
Key Terms
Dividend Equivalent Rights, stock unit, contingent right, immediately vested, +1 more
5 terms
Dividend Equivalent Rights financial
"Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
stock unit financial
"Each stock unit represents a contingent right to receive one share of Gap Inc. common stock."
contingent right financial
"Each stock unit represents a contingent right to receive one share of Gap Inc. common stock."
immediately vested financial
"Each stock unit is immediately vested. However, delivery of the shares is deferred until three years from the date of grant."
deferred financial
"Delivery of the shares is deferred until three years from the date of grant, unless further deferred."
FAQ
What insider transaction did Gap (GAP) disclose for Elisabeth B. Donohue?
Gap disclosed that director Elisabeth B. Donohue received equity-based compensation, not an open-market trade. She was granted 9,903 stock units and 1,812.5504 dividend equivalent rights, each tied to Gap Inc. common stock, and all awards are immediately vested but subject to deferred delivery.
How many stock units did Gap director Elisabeth B. Donohue receive in this Form 4?
Elisabeth B. Donohue received 9,903 stock units linked to Gap Inc. common stock. Each stock unit represents a contingent right to receive one share, is immediately vested, and the actual shares are scheduled for delivery after three years or upon earlier Board service cessation.
What are the dividend equivalent rights reported for Gap (GAP) director Donohue?
She acquired 1,812.5504 dividend equivalent rights, each economically equivalent to one share of Gap Inc. common stock. These rights accrued on prior stock unit grants made in 2022, 2023, 2024, and 2025, are immediately vested, and are subject to the same deferred delivery schedule as the underlying units.
Are the Gap stock unit and dividend equivalent awards immediately vested or subject to vesting?
Both the 9,903 stock units and 1,812.5504 dividend equivalent rights are immediately vested. However, delivery of the underlying shares is deferred for three years from the grant date, unless further deferred, or accelerates upon earlier cessation of service as a member of the Board.
How many stock units and dividend equivalent rights does Donohue hold after this Gap Form 4?
After these awards, Donohue directly holds 57,705 stock units and 4,680.7977 dividend equivalent rights. Each stock unit and dividend equivalent right corresponds to one share of Gap Inc. common stock, providing a measure of her accumulated equity-based compensation exposure as a director.