GAP INC (GAP) director granted stock units and dividend equivalent rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MILES AMY E reported acquisition or exercise transactions in this Form 4 filing.
GAP INC director Amy E. Miles received new equity awards. She was granted 9,903 stock units and 2,328.6023 dividend equivalent rights, each tied to one share of Gap Inc. common stock. These awards are immediately vested, but delivery of the underlying shares is deferred under the company’s director compensation terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MILES AMY E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 2,328.602 | $0.00 | -- |
| Grant/Award | Stock Units | 9,903 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 7,109.195 shares (Direct, null);
Stock Units — 70,219 shares (Direct, null)
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, 2021, 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.