Gap director exercises awards, acquires 20,779 shares
Gap Inc. director Shaukat Tariq M reported compensation-related equity activity involving stock units and dividend equivalent rights.
Rhea-AI Filing Summary
Gap Inc. director Shaukat Tariq M reported compensation-related equity activity involving stock units and dividend equivalent rights. On June 30, 2026, he exercised stock units and related dividend equivalents into 19,036 and 1,743 shares of common stock, respectively, at a stated price of $0.00 per share, reflecting non-cash conversions of prior awards.
Following these settlements, he directly holds 20,779 shares of Gap common stock. He also received new grants of 9,903 stock units and 1,282.7261 dividend equivalent rights, which are immediately vested but deferred for delivery, bringing his balances to 44,536 stock units and 2,508.6210 dividend equivalent rights, each economically equivalent to one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,779.7407 shares exercised/converted
Exercise
6 txns
Insider
Shaukat Tariq M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 1,282.7261 | $0.00 | $0.00 |
| Exercise | Dividend Equivalent Rights | 1,743.7407 | $0.00 | $0.00 |
| Grant/Award | Stock Units | 9,903 | $0.00 | $0.00 |
| Exercise | Stock Units | 19,036 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,743 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,036 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Rights — 764.8803 contracts (Direct);
Stock Units — 25,500 contracts (Direct);
Common Stock — 20,779 shares (Direct)
Footnotes (7)
- F1. Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
- F2. The dividend equivalent rights accrued on stock units originally granted on 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.
- F3. Not applicable.
- F4. These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2023.
- F5. Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
- F6. 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.
- F7. These shares were issued in settlement of stock units granted on June 30, 2023.
Key Figures
Common shares from stock unit exercise: 19,036 shares
Common shares from dividend equivalents: 1,743 shares
Post-transaction common shares held: 20,779 shares
+5 more
8 metrics
Common shares from stock unit exercise
19,036 shares
Converted from stock units on June 30, 2026
Common shares from dividend equivalents
1,743 shares
Converted from dividend equivalent rights on June 30, 2026
Post-transaction common shares held
20,779 shares
Direct ownership after June 30, 2026 transactions
New stock unit grant
9,903 stock units
Grant on June 30, 2026
New dividend equivalent rights grant
1,282.7261 rights
Grant on June 30, 2026
Stock units outstanding after grant
44,536 stock units
Balance following June 30, 2026 transactions
Dividend equivalent rights outstanding
2,508.6210 rights
Balance following June 30, 2026 transactions
Total derivative exercises in filing
20,779.7407 units
ExerciseShares in transaction summary
Key Terms
dividend equivalent rights, stock units, 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 units financial
"Each stock unit represents a contingent right to receive one share of Gap Inc. common stock."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
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, or immediately upon cessation of service..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Gap (GAP) director Shaukat Tariq M report in this Form 4?
He reported exercising previously granted stock units and dividend equivalent rights into Gap common shares, and receiving additional stock unit-based awards. These are compensation-related, non-cash equity transactions rather than open-market stock purchases or sales.
What stock unit and dividend equivalent balances does the Gap director now have?
He holds 44,536 stock units and 2,508.6210 dividend equivalent rights. Each unit or right is economically equivalent to one Gap common share, with delivery generally deferred for several years or until board service ends.
Were these Gap (GAP) insider transactions open-market buys or sells?
No, they were not market trades. The Form 4 shows exercises and grants of stock units and dividend equivalent rights at a stated price of $0.00, reflecting non-cash equity compensation and conversions, not open-market buying or selling.
What are dividend equivalent rights reported by Gap director Shaukat Tariq M?
Dividend equivalent rights provide the economic value of dividends on stock units as additional units. Each reported right equals one Gap common share economically, with vested shares delivered on a deferred schedule or when board service ceases, as described in the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
