Gilead CFO exercises 2,797 RSUs, 1,347 withheld
Gilead Sciences’ CFO exercised 2,797 RSUs, with 1,347 shares withheld to cover the exercise price or tax obligations.
Rhea-AI Filing Summary
GILEAD SCIENCES, INC. (GILD) reported that Chief Financial Officer Andrew D. Dickinson exercised restricted stock units for 2,797 shares of common stock on September 10, 2026. The same number of RSUs was converted and removed, and 1,347 shares of common stock were delivered or withheld to cover the exercise price or tax liability, leaving 25,054 restricted stock units directly held. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,797 shares exercised/converted
Exercise
3 txns
Insider
Dickinson Andrew D
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 2,797 | -- | -- |
| Exercise | Common Stock F1 | 2,797 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 1,347 | $144.81 | $195K |
Holdings After Transaction:
Restricted Stock Unit — 25,054 contracts (Direct);
Common Stock — 167,096 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
RSUs exercised: 2,797 units
Common shares acquired from RSU exercise: 2,797 shares
Shares delivered or withheld for exercise price or tax liability: 1,347 shares
+4 more
7 metrics
RSUs exercised
2,797 units
Restricted stock units converted into common stock on September 10, 2026
Common shares acquired from RSU exercise
2,797 shares
Common stock received upon RSU conversion on September 10, 2026
Shares delivered or withheld for exercise price or tax liability
1,347 shares
Code F transaction on September 10, 2026
Per-share value for tax/exercise settlement
$144.81 per share
Applied to 1,347 common shares in code F transaction
Restricted stock units held after transaction
25,054 units
Direct RSU holdings following September 10, 2026 exercise
Initial vesting portion
25.0%
RSUs vest 25% on the first anniversary of the grant date
Ongoing quarterly vesting rate
6.25% per quarter
Remaining RSUs vest 6.25% quarterly until fully vested
Key Terms
Restricted Stock Unit, vesting schedule, Payment of exercise price or tax liability by delivering or withholding securities
3 terms
Restricted Stock Unit financial
"Each restricted stock unit represents the contingent right to receive one share"
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"
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.
Payment of exercise price or tax liability by delivering or withholding securities 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 equity transaction did GILD’s CFO report on September 10, 2026?
Gilead Sciences’ CFO Andrew D. Dickinson reported exercising 2,797 restricted stock units, receiving the same number of common shares, and having 1,347 shares delivered or withheld to cover the exercise price or tax liability.
How many GILD restricted stock units did the CFO hold after the reported transaction?
After the September 10, 2026 transaction, the CFO directly held 25,054 restricted stock units, each representing the contingent right to receive one share of Gilead Sciences’ common stock, subject to the vesting schedule described.
Were the GILD CFO’s transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions, so they are not identified as being executed under a pre-arranged trading plan.
What does each GILD restricted stock unit represent for the CFO?
Each restricted stock unit reported for the Gilead Sciences CFO represents the contingent right to receive one share of Gilead Sciences, Inc.’s common stock, subject to the vesting schedule described in the filing footnotes.
What is the vesting schedule for the GILD restricted stock units involved in this filing?
The restricted stock units have a 4-year vesting schedule: 25% vest on the first anniversary of the grant date, and the remaining units vest 6.25% quarterly thereafter until fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.