Gilead Sciences (GILD) SVP receives new RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gilead Sciences SVP receives new equity awards. Senior Vice President of Controllership Erin Burkhart was granted 2,355 restricted stock units and 5,455 non-qualified stock options, each tied to Gilead common stock. Both awards have a four-year vesting schedule, with 25% vesting after one year and the remainder vesting quarterly. Following the grant, Burkhart directly holds 11,245 restricted stock units and 5,455 stock options with a $148.56 exercise price, providing long-term, performance-linked compensation rather than immediate market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Burkhart Erin
Role
SVP, Controllership
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 2,355 | $0.00 | -- |
| Grant/Award | Non-qualified Stock Option (Right to Buy) | 5,455 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 11,245 shares (Direct);
Non-qualified Stock Option (Right to Buy) — 5,455 shares (Direct)
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. The stock options 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.
FAQ
What insider equity awards did Gilead Sciences (GILD) report for Erin Burkhart?
Gilead Sciences reported new equity compensation for SVP Erin Burkhart. She received 2,355 restricted stock units and 5,455 non-qualified stock options, each linked to Gilead common stock, as part of a compensation grant rather than an open-market transaction.
What is the vesting schedule for Erin Burkhart’s new Gilead (GILD) restricted stock units?
The restricted stock units vest over four years. Twenty-five percent vest on the first anniversary of the grant date, and the remaining units vest at 6.25% each quarter thereafter until fully vested, aligning Burkhart’s incentives with longer-term company performance.
How do Erin Burkhart’s new Gilead (GILD) stock options vest and when do they expire?
The stock options also vest over four years and have a long-dated term. Twenty-five percent vest on the first anniversary of the grant date, with the remaining 75% vesting at 6.25% quarterly. The options carry a $148.56 exercise price and expire on March 10, 2036.
What are Erin Burkhart’s Gilead (GILD) equity holdings after these awards?
After the awards, Burkhart holds both restricted units and options. She directly holds 11,245 restricted stock units and 5,455 non-qualified stock options, each representing the right to receive Gilead common shares if vested and, for options, exercised at the stated $148.56 exercise price.