Gap Inc (GAP) CLO granted stock units; shares withheld for tax
Rhea-AI Filing Summary
Gap Inc.’s Chief Legal & Compliance Officer Julie Gruber received significant equity compensation and had shares withheld for taxes. On March 16, 2026, she was granted 33,824 restricted stock units, each representing one share of common stock, vesting in three equal annual installments starting on the first anniversary of the grant date.
She also received 136,605 shares of common stock, and 65,885 shares were disposed of at $23.24 per share to cover tax obligations. Following these transactions, she directly holds 121,444.4577 shares of Gap Inc. common stock and 119,796 restricted stock units.
Positive
- None.
Negative
- None.
Insights
Routine equity grants with tax withholding; no open‑market trading signal.
Julie Gruber, Gap Inc.’s Chief Legal & Compliance Officer, received a grant of 33,824 restricted stock units and 136,605 shares of common stock on March 16, 2026. These are compensation-related awards at a stated price of $0 per share, so they do not reflect a market purchase.
A separate disposition of 65,885 shares at $23.24 per share was reported as a tax-withholding transaction, not an open-market sale. After these entries, she directly holds 121,444.4577 common shares and 119,796 restricted stock units, indicating a substantial ongoing equity stake. Overall, this looks like standard executive compensation and tax handling rather than a directional view on the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 33,824 | $0.00 | -- |
| Grant/Award | Common Stock | 136,605 | $0.00 | -- |
| Tax Withholding | Common Stock | 65,885 | $23.24 | $1.53M |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock. On March 16, 2026, the reporting person was granted 33,824 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date.