Gilead (NASDAQ: GILD) EVP exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gilead Sciences EVP and General Counsel Keeley M. Cain Wettan reported routine equity compensation activity. On June 10, 2026, 589 shares of common stock were acquired through a derivative exercise/conversion of restricted stock units at $0.00 per share.
On the same date, 283 shares of common stock were disposed of in a tax-withholding disposition at $121.48 per share to cover obligations tied to this equity event. After these transactions, the insider directly holds 5,643 shares of common stock and 19,997 restricted stock units, which vest over a four-year schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
589 shares exercised/converted
Mixed
3 txns
Insider
Cain Wettan Keeley M
Role
EVP Gen Counsel, Legal & Comp
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 589 | $0.00 | -- |
| Exercise | Common Stock | 589 | $0.00 | -- |
| Tax Withholding | Common Stock | 283 | $121.48 | $34K |
Holdings After Transaction:
Restricted Stock Unit — 19,997 shares (Direct, null);
Common Stock — 5,643 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 four-year vesting schedule. 25% vest on the first anniversary of the date of the grant. The balance will vest 6.25% quarterly thereafter until fully vested.
Key Figures
RSUs exercised: 589 shares
Tax-withholding shares: 283 shares
Tax-withholding price: $121.48 per share
+4 more
7 metrics
RSUs exercised
589 shares
Common stock acquired via derivative exercise/conversion on June 10, 2026
Tax-withholding shares
283 shares
Shares delivered for tax liability at $121.48 per share on June 10, 2026
Tax-withholding price
$121.48 per share
Price used for 283-share tax-withholding disposition of common stock
Common shares held
5,643 shares
Total common stock directly owned after transactions on June 10, 2026
RSUs outstanding
19,997 units
Restricted stock units remaining after derivative transaction on June 10, 2026
Vesting schedule initial tranche
25%
Portion of RSUs vesting on first anniversary of grant date
Ongoing vesting rate
6.25% quarterly
Remaining RSUs vest 6.25% each quarter until fully vested
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, 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
"283 shares of common stock were disposed of in a tax-withholding disposition at $121.48 per share to cover obligations."
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
"589 shares of common stock were acquired through a derivative exercise/conversion of restricted stock units at $0.00 per share."
vesting schedule financial
"The restricted stock units have a four-year vesting schedule. 25% vest on the first anniversary of the date of the grant."
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.
FAQ
What insider transactions did Gilead Sciences (GILD) report for Keeley M. Cain Wettan?
Gilead Sciences reported that EVP and General Counsel Keeley M. Cain Wettan exercised 589 restricted stock units into common shares and had 283 shares withheld in a tax-related disposition, both dated June 10, 2026, reflecting routine equity compensation activity.
How do the restricted stock units for Gilead (GILD) executive Keeley M. Cain Wettan vest?
Each restricted stock unit represents the right to receive one Gilead common share. The units vest over four years: 25% on the first grant anniversary, with the remaining balance vesting at 6.25% quarterly thereafter until fully vested, subject to continued service conditions.
Did the Gilead (GILD) Form 4 show an open-market buy or sell by Keeley M. Cain Wettan?
The Form 4 did not show any open-market purchases or sales. It reported a derivative exercise of 589 restricted stock units into common shares and a 283-share tax-withholding disposition, both classified as compensation-related rather than discretionary market trades.