Gilead CMO exercises RSUs, covers taxes with shares
Gilead Sciences Chief Medical Officer Dietmar Berger reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Gilead Sciences Chief Medical Officer Dietmar Berger reported routine equity compensation activity. On June 10, 2026, he exercised 533 restricted stock units, converting them into the same number of Gilead common shares at an exercise price of $0.00 per share.
To cover associated tax obligations, 263 common shares were disposed of at $121.48 per share through a tax-withholding transaction, which is not an open-market sale. Following these transactions, he directly holds 19,252 shares of common stock and 46,928 restricted stock units, which continue to vest over a four-year schedule.
Insider Trade Summary
533 shares exercised/converted
Exercise
3 txns
Insider
Berger Dietmar
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 533 | $0.00 | $0.00 |
| Exercise | Common Stock | 533 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 263 | $121.48 | $32K |
Holdings After Transaction:
Restricted Stock Unit — 46,928 contracts (Direct);
Common Stock — 19,252 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
Tax-withholding shares: 263 shares
Tax-withholding price: $121.48 per share
RSUs exercised: 533 units
+2 more
5 metrics
Tax-withholding shares
263 shares
Common stock disposed at $121.48 per share for taxes on Jun. 10, 2026
Tax-withholding price
$121.48 per share
Price for 263 common shares used to satisfy tax liability
RSUs exercised
533 units
Restricted stock units converted into 533 common shares at $0.00 exercise price
Common shares held
19,252 shares
Direct Gilead common stock holdings after reported transactions
RSUs outstanding
46,928 units
Restricted stock units remaining after the RSU-to-share conversion
Key Terms
Restricted Stock Unit, 4-year vesting schedule, tax-withholding disposition, derivative security, +1 more
5 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.
4-year vesting schedule financial
"The restricted stock units have a 4-year vesting schedule. 25% vest on the first anniversary of the grant date."
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 security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Gilead (GILD) executive Dietmar Berger report in this Form 4?
Dietmar Berger reported routine equity compensation activity, including the exercise of 533 restricted stock units into common shares and a related tax-withholding share disposition. These transactions reflect vesting of prior awards rather than open-market buying or selling of Gilead stock.
How many restricted stock units did Dietmar Berger convert at Gilead (GILD)?
Berger exercised 533 restricted stock units, converting them into 533 Gilead common shares at an exercise price of $0.00 per share. These units stem from prior equity grants and reflect scheduled vesting under Gilead’s long-term incentive program.
What are Dietmar Berger’s Gilead (GILD) holdings after these transactions?
After the reported transactions, Berger directly holds 19,252 shares of Gilead common stock and 46,928 restricted stock units. The RSUs continue to vest over a four-year schedule, with 25% after one year and 6.25% each quarter thereafter.
How do Dietmar Berger’s Gilead (GILD) restricted stock units vest over time?
His restricted stock units vest over four years. Twenty-five percent vest on the first anniversary of the grant date, and the remaining balance vests at 6.25% each quarter thereafter. Each vested unit delivers one share of Gilead’s common stock upon settlement.
Does this Gilead (GILD) Form 4 show open-market buying or selling by Dietmar Berger?
The filing shows no open-market buying or selling. It reflects RSU vesting and option-like exercise, plus 263 shares disposed of solely to cover tax obligations. Such tax-withholding and conversions are routine components of executive equity compensation programs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
