Gap Inc. (NYSE: GAP) awards stock and RSUs to supply chain chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gap Inc. Chief Supply Chain & Transformation Officer Sarah Gilligan reported routine equity compensation and related tax withholding. On March 16, 2026, she received 43,772 restricted stock units, each representing a right to one share of common stock, vesting in three equal annual installments beginning on the first anniversary of the grant date.
She was also granted 96,426 shares of common stock, and 44,722 shares of common stock were withheld at $23.24 per share to cover tax obligations. Following these transactions, she directly holds 60,722 shares of common stock and 110,613 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gilligan Sarah
Role
Chief Sup Chn & Transform Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 43,772 | $0.00 | -- |
| Grant/Award | Common Stock | 96,426 | $0.00 | -- |
| Tax Withholding | Common Stock | 44,722 | $23.24 | $1.04M |
Holdings After Transaction:
Restricted Stock Unit — 110,613 shares (Direct);
Common Stock — 105,444 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. On March 16, 2026, the reporting person was granted 43,772 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did GAP Chief Supply Chain & Transformation Officer report?
Sarah Gilligan reported equity compensation and tax withholding transactions. She received restricted stock units and common shares, while a portion of shares was withheld to cover tax obligations, reflecting routine compensation rather than open-market trading activity.
How many restricted stock units did GAP award to Sarah Gilligan?
She was granted 43,772 restricted stock units. Each unit represents a contingent right to receive one share of Gap Inc. common stock, vesting in three equal annual installments starting on the first anniversary of the March 16, 2026 grant date.
What common stock grants did Sarah Gilligan receive from GAP?
She received a grant of 96,426 shares of Gap Inc. common stock at no purchase price. These shares were awarded as part of her compensation, separate from the restricted stock units that vest over time under a multi-year schedule.
How do the granted GAP restricted stock units vest for Sarah Gilligan?
The 43,772 restricted stock units granted on March 16, 2026 vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning one-third of the units vests each year over a three-year period.