GAP Inc. (GAP) director Jody Gerson granted 7,814 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gerson Jody reported acquisition or exercise transactions in this Form 4 filing.
GAP Inc. director Jody Gerson received a grant of 7,814 stock units, each representing a right to one share of common stock. The units are immediately vested, but share delivery is deferred for three years or until Board service ends earlier. Following this grant, Gerson holds 15,548 stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gerson Jody
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Units | 7,814 | $0.00 | -- |
Holdings After Transaction:
Stock Units — 15,548 shares (Direct, null)
Footnotes (1)
- 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. Not applicable.
Key Figures
Stock units granted: 7,814 stock units
Total stock units after grant: 15,548 stock units
Grant price per unit: $0.00 per unit
+2 more
5 metrics
Stock units granted
7,814 stock units
Grant on 2026-06-30; each unit equals one common share
Total stock units after grant
15,548 stock units
Director holdings following reported transaction
Grant price per unit
$0.00 per unit
Compensation award with no purchase price
Unit-to-share ratio
1 unit : 1 share
Each unit represents one GAP Inc. common share
Deferral period
Three years
Share delivery deferred three years from grant unless service ends earlier
Key Terms
Stock Units, contingent right, immediately vested, deferred, +1 more
5 terms
Stock Units financial
"Each stock unit represents a contingent right to receive one share of Gap Inc. common stock."
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."
immediately vested financial
"Each stock unit is immediately vested."
deferred financial
"delivery of the shares is deferred until three years from the date of grant"
cessation of service financial
"or immediately upon cessation of service as a member of the Board, if earlier."
FAQ
What did GAP (GAP) director Jody Gerson report in this Form 4?
Jody Gerson reported receiving 7,814 stock units as a grant. These units are immediately vested and each represents one share of GAP Inc. common stock, with delivery of the actual shares deferred under specified conditions.
How many GAP (GAP) stock units does Jody Gerson hold after this grant?
After this grant, Jody Gerson holds 15,548 stock units directly. Each stock unit represents a contingent right to receive one share of GAP Inc. common stock, providing a clear picture of her equity-based board compensation.
What does each GAP (GAP) stock unit granted to Jody Gerson represent?
Each stock unit represents a contingent right to receive one share of GAP Inc. common stock. This links director compensation to the company’s equity value without an immediate cash outlay or share issuance at the grant date.
Is Jody Gerson’s GAP (GAP) stock unit grant an open-market purchase?
No, the transaction is a grant classified as a “grant, award, or other acquisition.” It is compensation awarded by GAP Inc., not an open-market purchase, and the reported price per unit is zero in the filing.