Gap director exercises stock units, gets new awards
Gap Inc. director Chris O’Neill reported compensation-related equity activity.
Rhea-AI Filing Summary
Gap Inc. director Chris O’Neill reported compensation-related equity activity. He exercised stock units and related dividend equivalent rights into 19,036 and 1,743 shares of common stock, respectively, increasing his direct common stock holdings to 55,308 shares in one account and 36,272 shares in another.
O’Neill also received new awards of 9,903 stock units and 2,328.1928 dividend equivalent rights, each economically equivalent to one share of Gap Inc. common stock. The stock units and dividend equivalents are immediately vested, but delivery of the underlying shares is generally deferred for three years from grant or until his Board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,779.7407 shares exercised/converted
Exercise
6 txns
Insider
O'Neill Chris
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 2,328.1928 | $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 — 7,480.5964 contracts (Direct);
Stock Units — 49,056 contracts (Direct);
Common Stock — 55,308 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, 2018, June 30, 2019, June 30, 2020, 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 units: 19,036 shares
Common shares from dividend rights: 1,743 shares
Common stock holding line 1: 55,308 shares
+5 more
8 metrics
Common shares from stock units
19,036 shares
Common stock issued from stock units on June 30, 2026
Common shares from dividend rights
1,743 shares
Common stock issued from dividend equivalent rights on June 30, 2026
Common stock holding line 1
55,308 shares
Direct common stock holding following transactions
Common stock holding line 2
36,272 shares
Additional direct common stock holding following transactions
New stock units granted
9,903 units
Stock unit award on June 30, 2026
New dividend equivalent rights
2,328.1928 rights
Dividend equivalent rights award on June 30, 2026
Dividend rights balance
9,224.3371 rights
Dividend equivalent rights held after awards and exercises
Stock units balance
68,092 units
Stock units held after awards and exercises
Key Terms
Stock Units, Dividend Equivalent Rights, contingent right, immediately vested, +1 more
5 terms
Stock Units financial
"The dividend equivalent rights accrued on stock units originally granted on June 30, 2018, June 30, 2019, June 30, 2020, June 30, 2023, June 30, 2024, and June 30, 2025"
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.
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.
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"
Form 4 regulatory
"These shares were issued in settlement of stock units granted on June 30, 2023."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Gap Inc (GAP) director Chris O’Neill report?
Chris O’Neill reported exercising stock units and dividend equivalent rights into common stock and receiving new equity awards. He converted 19,036 and 1,743 rights into shares and was granted 9,903 stock units plus 2,328.1928 dividend equivalent rights as director compensation.
Did Chris O’Neill buy or sell Gap Inc (GAP) stock on the open market?
No open-market buys or sells were reported. All Form 4 entries reflect derivative exercises and stock-based awards, not market purchases or sales. The transactions are compensation-related, involving stock units and dividend equivalent rights converting into or accruing as common stock.
What are Gap Inc (GAP) dividend equivalent rights reported in this Form 4?
Each dividend equivalent right is economically equivalent to one share of Gap Inc. common stock. They accrue on previously granted stock units and vest immediately, with underlying shares delivered after a deferral period or when the director’s Board service ends, according to the footnotes.
What new equity awards did Chris O’Neill receive from Gap Inc (GAP)?
Chris O’Neill received 9,903 new stock units and 2,328.1928 dividend equivalent rights. Each stock unit and dividend equivalent right corresponds to one share of Gap Inc. common stock, is immediately vested, and generally delivers shares after three years or upon Board service cessation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
