STOCK TITAN

GAP (GAP) director Brady Brewer granted stock units and dividend equivalents

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BREWER BRADY reported acquisition or exercise transactions in this Form 4 filing.

GAP Inc. director Brady Brewer received additional equity-based compensation. On June 30, 2026, Brewer was granted 9,903 stock units, each representing a contingent right to receive one share of GAP Inc. common stock. These units are immediately vested, bringing his total stock units to 18,385.

He was also granted 303.4138 dividend equivalent rights, each economically equivalent to one share of common stock. Both the stock units and dividend equivalent rights are immediately vested, but delivery of the underlying shares is deferred until three years from the grant date, unless further deferred, or earlier upon the end of his Board service.

Positive

  • None.

Negative

  • None.
Insider BREWER BRADY
Role Director
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights 303.414 $0.00 --
Grant/Award Stock Units 9,903 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights — 303.414 shares (Direct); Stock Units — 18,385 shares (Direct)
Footnotes (1)
  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, 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. 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.
Stock units granted 9,903 stock units Grant on June 30, 2026
Dividend equivalent rights granted 303.4138 rights Grant on June 30, 2026
Stock units after grant 18,385 stock units Holdings following June 30, 2026 transaction
Price per unit $0.00 per unit Compensation grant, not a market purchase
Underlying security Common Stock Each unit or right linked to one common share
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued on stock units originally granted on 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"
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FAQ

What did GAP (GAP) director Brady Brewer receive in this Form 4 filing?

Brady Brewer received 9,903 stock units and 303.4138 dividend equivalent rights, all tied to GAP Inc. common stock. These awards are immediately vested but share delivery is deferred under the company’s director compensation terms.

How many stock units does Brady Brewer hold after this GAP (GAP) award?

After the June 30, 2026 grant, Brady Brewer holds 18,385 stock units. Each unit represents a contingent right to receive one share of GAP Inc. common stock at a future settlement date.

What are dividend equivalent rights mentioned in the GAP (GAP) Form 4?

Dividend equivalent rights are awards economically equivalent to one share of GAP Inc. common stock. In this filing, 303.4138 such rights accrued on earlier stock units and are immediately vested, mirroring the value of common stock dividends.

When will Brady Brewer receive shares from these GAP (GAP) stock units?

Although the stock units are immediately vested, GAP Inc. will deliver the underlying shares three years from the grant date, unless further deferred, or earlier if Brewer’s Board service ends sooner.

Are the GAP (GAP) stock unit and dividend equivalent awards market purchases?

No. The Form 4 describes grant or award acquisitions, not open-market purchases. The units and dividend equivalent rights are part of GAP Inc.’s compensation arrangements for Board service, rather than discretionary stock buying.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BREWER BRADY

(Last)(First)(Middle)
TWO FOLSOM STREET

(Street)
SAN FRANCISCO CALIFORNIA 94105-1205

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GAP INC [ GAP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights(1)$0.006/30/2026A303.4138 (2) (3)Common Stock303.4138$0.0303.4138D
Stock Units(4)$0.006/30/2026A9,903 (5) (3)Common Stock9,903$0.018,385D
Explanation of Responses:
1. Each dividend equivalent right is the economic equivalent of one share of Gap Inc. common stock.
2. The dividend equivalent rights accrued on stock units originally granted on 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.
3. Not applicable.
4. Each stock unit represents a contingent right to receive one share of Gap Inc. common stock.
5. 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.
By: Susanna Zhang, Power of Attorney For: Brady Brewer07/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)