Gap Inc (GAP) officer reports stock award vesting and share sale
Rhea-AI Filing Summary
Gap Inc.'s Chief Business & Strat Officer Eric Chan reported equity award activity on January 8, 2026. He acquired 16,564 shares of Common Stock at a price of $0.0, and disposed of 6,305 shares of Common Stock at $26.61 per share. After these transactions, he directly held 22,612.946 shares of Gap Inc. Common Stock.
On the derivative side, Chan reported a disposition of 16,564 Restricted Stock Units at an exercise price of $0.0, with 91,267 Restricted Stock Units remaining beneficially owned. Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock, and the balance of his holdings was adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit | 16,564 | $0.00 | -- |
| Exercise | Common Stock | 16,564 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,305 | $26.61 | $168K |
Footnotes (1)
- Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan (ESPP). Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. On January 8, 2024, the reporting person was granted 66,256 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transaction did Gap Inc (GAP) report for Eric Chan on January 8, 2026?
Gap Inc reported that Chief Business & Strat Officer Eric Chan acquired 16,564 shares of Common Stock at $0.0 per share and disposed of 6,305 shares at $26.61 per share on January 8, 2026.
What happened to Eric Chan's Restricted Stock Units in this Gap Inc (GAP) Form 4 filing?
The filing shows a disposition of 16,564 Restricted Stock Units at an exercise price of $0.0, leaving 91,267 Restricted Stock Units beneficially owned after the transaction.
What does each Restricted Stock Unit represent in the Gap Inc (GAP) filing for Eric Chan?
Each Restricted Stock Unit represents a contingent right to receive one share of Gap Inc. Common Stock, as described in the footnotes.
What is Eric Chan's role at Gap Inc (GAP) as disclosed in the Form 4?
Eric Chan is identified as an officer of Gap Inc, serving as Chief Business & Strat Officer.
Is this Gap Inc (GAP) Form 4 filed by more than one reporting person?
No. The document indicates that the Form 4 is filed by one reporting person, namely Eric Chan.