Gilead (GILD) CFO exercises 2,796 RSUs and withholds 1,341 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gilead Sciences Chief Financial Officer Andrew D. Dickinson reported routine equity compensation activity. On June 10, 2026, he exercised restricted stock units covering 2,796 shares of common stock at a conversion price of $0.00 per share.
To cover tax obligations, 1,341 shares of common stock were disposed of as a tax-withholding transaction at $121.48 per share, rather than through an open-market sale. Following these transactions, he holds 175,987 shares of Gilead common stock directly and 27,851 restricted stock units, which vest over a four-year schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,796 shares exercised/converted
Mixed
3 txns
Insider
Dickinson Andrew D
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,796 | $0.00 | -- |
| Exercise | Common Stock | 2,796 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,341 | $121.48 | $163K |
Holdings After Transaction:
Restricted Stock Unit — 27,851 shares (Direct, null);
Common Stock — 175,987 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents the contingent right to receive one share of Gilead Sciences, Inc.'s common stock. 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
RSUs exercised: 2,796 shares
Tax-withholding shares: 1,341 shares
Tax-withholding price: $121.48 per share
+3 more
6 metrics
RSUs exercised
2,796 shares
Restricted stock units converted to common stock on June 10, 2026
Tax-withholding shares
1,341 shares
Shares disposed of to satisfy tax obligations
Tax-withholding price
$121.48 per share
Value used for tax-withholding disposition
Common shares held after
175,987 shares
Direct Gilead common stock ownership after transactions
RSUs outstanding after
27,851 units
Restricted stock units remaining after the reported exercise
Exercise price
$0.00 per share
Conversion price for restricted stock units into common stock
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, 4-year vesting schedule
4 terms
Restricted Stock Unit financial
"Each restricted stock unit represents the contingent right to receive one share of Gilead Sciences, Inc.'s common stock."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
4-year vesting schedule financial
"The restricted stock units have a 4-year vesting schedule."
FAQ
What insider transactions did Gilead (GILD) CFO Andrew Dickinson report?
Gilead CFO Andrew Dickinson reported exercising 2,796 restricted stock units into common shares and a related tax-withholding disposition of 1,341 shares. These actions reflect routine equity compensation events rather than open-market buying or selling of Gilead stock.
Was the Gilead (GILD) CFO’s Form 4 transaction an open-market sale?
The Form 4 shows a tax-withholding disposition of 1,341 shares at $121.48 per share, not an open-market sale. These shares were withheld to satisfy tax obligations associated with vesting restricted stock units, a common feature of equity compensation.
What restricted stock unit activity did Gilead (GILD) disclose for its CFO?
The filing shows Andrew Dickinson converted 2,796 restricted stock units into common stock at a $0.00 conversion price. After this derivative exercise, he still holds 27,851 restricted stock units, subject to a four-year vesting schedule with quarterly vesting after the first year.
How do Gilead (GILD) CFO’s restricted stock units vest over time?
Each restricted stock unit represents the right to receive one Gilead common share. The units vest over four years: 25% on the first anniversary of the grant date, with the remaining balance vesting 6.25% quarterly thereafter until fully vested, if service conditions are met.