Gap (GAP) CEO Dickson settles 13,322 equity units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gap Inc. President & CEO Richard Dickson increased his direct equity stake through routine equity compensation settlements. On June 30, 2026, he exercised stock units and related dividend equivalent rights that were economically equivalent to common shares granted on June 30, 2023.
The transactions converted a total of about 13,322 equity-linked units into Gap common stock at a stated price of $0.00 per unit, reflecting previously awarded compensation rather than open-market buying. In addition, he received a new grant of 460.0865 dividend equivalent rights, which each represent the economic equivalent of one Gap share.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,321.914 shares exercised/converted
Mixed
5 txns
Insider
DICKSON RICHARD
Role
President & CEO, Gap Inc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights | 460.087 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 1,117.914 | $0.00 | -- |
| Exercise | Stock Units | 12,204 | $0.00 | -- |
| Exercise | Common Stock | 1,117 | $0.00 | -- |
| Exercise | Common Stock | 12,204 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights — 1,117.914 shares (Direct);
Stock Units — 0 shares (Direct);
Common Stock — 674,207.346 shares (Direct)
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, 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. These shares were issued in settlement of stock units granted on June 30, 2023.
Key Figures
Stock units settled: 12,204 shares
Dividend equivalent rights settled: 1,117.9137 shares
Total units exercised: 13,321.9137 units
+2 more
5 metrics
Stock units settled
12,204 shares
Common Stock from stock units settled on June 30, 2026
Dividend equivalent rights settled
1,117.9137 shares
Common Stock from dividend equivalent rights on June 30, 2026
Total units exercised
13,321.9137 units
Exercise or conversion of derivative securities on June 30, 2026
New dividend equivalent rights granted
460.0865 units
Grant of dividend equivalent rights on June 30, 2026
Exercise price
$0.00 per unit
Stated transaction and conversion price for reported exercises
Key Terms
dividend equivalent rights, stock units, contingent right, Exercise or conversion of derivative security
4 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
"The dividend equivalent rights accrued on stock units originally granted on June 30, 2023, and are immediately vested."
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."
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What did Gap (GAP) CEO Richard Dickson report in this Form 4 filing?
Richard Dickson reported exercising previously granted stock units and related dividend equivalent rights and receiving a new grant of dividend equivalent rights. These actions increased his direct exposure to Gap common stock through settlement of prior equity awards rather than open-market purchases or sales.
What are dividend equivalent rights in the Gap (GAP) CEO’s compensation?
Dividend equivalent rights are instruments economically equivalent to one share of Gap common stock. They accrue on existing stock units, mirror dividends paid on common stock, and can later be settled in shares, aligning executive compensation more closely with shareholder returns over time.
What new equity compensation did the Gap (GAP) CEO receive?
Richard Dickson received a grant of 460.0865 dividend equivalent rights tied to Gap common stock. These rights accrued on stock units originally granted on June 30, 2023, are immediately vested, and will generally be delivered in shares after a specified deferral period or upon ending board service.