Gilead EVP Wettan converts 590 RSUs, 285 withheld
Gilead’s EVP and general counsel had RSUs vest into common stock, with part of the shares withheld at $144.81 per share for tax or exercise obligations.
Rhea-AI Filing Summary
GILEAD SCIENCES, INC. (GILD) reported that executive vice president and general counsel Keeley M. Cain Wettan had 590 restricted stock units convert into 590 shares of common stock on September 10, 2026. Of these shares, 285 were delivered or withheld at $144.81 per share to cover the exercise price or tax liability, and Cain Wettan continues to hold 13,405 restricted stock units directly. The units represent the right to receive common shares and follow a four-year vesting schedule with 25% vesting after one year and 6.25% vesting quarterly thereafter, and no Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
590 shares exercised/converted
Exercise
3 txns
Insider
Cain Wettan Keeley M
Role
EVP Gen Counsel, Legal & Comp
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 590 | -- | -- |
| Exercise | Common Stock F1 | 590 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 285 | $144.81 | $41K |
Holdings After Transaction:
Restricted Stock Unit — 13,405 contracts (Direct);
Common Stock — 8,759 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the contingent right to receive one share of Gilead Sciences, Inc.'s common stock.
- F2. The restricted stock units have a 4-year vesting schedule. 25% vest on the first anniversary of the grant date. The balance will vest 6.25% quarterly thereafter until fully vested.
Key Figures
Restricted stock units converted: 590 units
Common shares withheld for exercise price or tax liability: 285 shares
Per-share price for withheld shares: $144.81 per share
+3 more
6 metrics
Restricted stock units converted
590 units
Units converted into common stock on September 10, 2026
Common shares withheld for exercise price or tax liability
285 shares
Shares delivered or withheld on September 10, 2026
Per-share price for withheld shares
$144.81 per share
Price used for 285 shares delivered or withheld
Restricted stock units held after transaction
13,405 units
Directly held by the executive after the September 10, 2026 transaction
Initial vesting portion
25%
Portion of restricted stock units that vest on the first anniversary of the grant date
Subsequent quarterly vesting rate
6.25% quarterly
Rate at which remaining restricted stock units vest until fully vested
Key Terms
Restricted Stock Unit, vesting schedule, tax liability
3 terms
Restricted Stock Unit financial
"Each restricted stock unit represents the contingent right to receive one share of"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vesting schedule financial
"The restricted stock units have a 4-year vesting schedule. 25% vest on the first"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GILD disclose for Keeley M. Cain Wettan?
Gilead disclosed that Keeley M. Cain Wettan had 590 restricted stock units convert into 590 shares of common stock on September 10, 2026, with 285 shares delivered or withheld to cover the exercise price or tax liability.
How many GILD restricted stock units does the executive hold after the transaction?
After the September 10, 2026 transaction, Keeley M. Cain Wettan directly holds 13,405 restricted stock units, each representing the contingent right to receive one share of Gilead common stock, subject to the vesting schedule.
What is the vesting schedule for the GILD restricted stock units?
The restricted stock units have a four-year vesting schedule: 25% vest on the first anniversary of the grant date, and the remaining units vest at 6.25% quarterly thereafter until fully vested.
Was a Rule 10b5-1 trading plan used for this GILD insider transaction?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for the transactions involving Keeley M. Cain Wettan on September 10, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
