Gap (GAP) director Shattuck exercises stock units and receives new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gap Inc. director Mayo A. Shattuck III reported compensation-related equity activity on June 30, 2026. He exercised stock units and related dividend equivalent rights into common stock, acquiring 19,036 shares and an additional 1,743 shares of Gap common stock with no cash price shown.
Following these exercises, his direct common stock holdings reported in this filing are 200,118 shares. He also received new awards of 9,903 stock units and 1,282.7261 dividend equivalent rights, each economically tied to one share of Gap common stock. The footnotes state these units are immediately vested but share delivery is generally deferred for three years from grant or until Board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,779.741 shares exercised/converted
Mixed
6 txns
Insider
SHATTUCK MAYO A III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 1,282.726 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 1,743.741 | $0.00 | -- |
| Grant/Award | Stock Units | 9,903 | $0.00 | -- |
| Exercise | Stock Units | 19,036 | $0.00 | -- |
| Exercise | Common Stock | 1,743 | $0.00 | -- |
| Exercise | Common Stock | 19,036 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 2,508.621 shares (Direct, null);
Stock Units — 44,536 shares (Direct, null);
Common Stock — 181,082 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, 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. These shares were issued in settlement of dividend equivalent rights accrued on stock units granted on June 30, 2023. 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. These shares were issued in settlement of stock units granted on June 30, 2023.
Key Figures
Common shares from stock units: 19,036 shares
Common shares from dividend equivalents: 1,743 shares
Post-transaction common stock holdings: 200,118 shares
+5 more
8 metrics
Common shares from stock units
19,036 shares
Exercised into Gap common stock on June 30, 2026
Common shares from dividend equivalents
1,743 shares
Exercised from dividend equivalent rights on June 30, 2026
Post-transaction common stock holdings
200,118 shares
Direct holdings after reported transactions
New stock unit grant
9,903 stock units
Grant on June 30, 2026, each unit equals one common share
Stock units outstanding
44,536 stock units
Total stock units after June 30, 2026 transactions
Dividend equivalent rights exercised
1,743.7407 rights
Converted into Gap common stock on June 30, 2026
New dividend equivalent rights grant
1,282.7261 rights
Granted on June 30, 2026, each equal to one common share
Dividend equivalent rights outstanding
2,508.6210 rights
Total after June 30, 2026 derivative transactions
Key Terms
Dividend Equivalent Rights, stock unit, contingent right, immediately vested, +1 more
5 terms
Dividend Equivalent Rights financial
"Dividend Equivalent Rights accrued on stock units originally granted on June 30, 2023, June 30, 2024, and June 30, 2025"
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 did Gap (GAP) director Mayo A. Shattuck III report on this Form 4?
Mayo A. Shattuck III reported exercises of stock units and dividend equivalent rights into Gap common stock, plus new awards of stock units and dividend equivalents, all dated June 30, 2026, as part of his director equity compensation.
What stock unit awards did Gap grant to Mayo A. Shattuck III on June 30, 2026?
The Form 4 reports a grant of 9,903 stock units with a conversion price of $0.0000. Each stock unit represents a contingent right to receive one share of Gap common stock, with delivery generally deferred for three years or until Board service ends.
What are dividend equivalent rights in the context of this Gap Form 4?
Dividend equivalent rights give economic value equal to one share of Gap common stock for each right. The filing notes they accrued on earlier stock unit grants, are immediately vested, and can settle into shares, mirroring dividends that would have been paid on underlying units.
How many dividend equivalent rights are reported for the Gap director after these transactions?
The Form 4 shows 2,508.6210 dividend equivalent rights following the June 30, 2026 activity. These rights are economically equivalent to the same number of Gap common shares and relate to prior and current stock unit awards.