Gilead CMO nets 270 shares from RSU vesting
Gilead’s Chief Medical Officer saw RSUs vest into common stock, with part of the shares withheld to cover exercise price or taxes.
Rhea-AI Filing Summary
Gilead Sciences, Inc. (GILD) reported that Chief Medical Officer Dietmar Berger had restricted stock units vest into 533 shares of common stock on September 10, 2026. Of these, 263 shares were delivered or withheld to cover the exercise price or tax liability, leaving 270 net shares acquired as common stock. The RSU award follows a four-year vesting schedule, and no Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
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 F1, F2 | 533 | -- | -- |
| Exercise | Common Stock F1 | 533 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 263 | $144.81 | $38K |
Holdings After Transaction:
Restricted Stock Unit — 46,395 contracts (Direct);
Common Stock — 19,522 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: 533 shares
Common shares acquired: 533 shares
Shares delivered/withheld for exercise price or tax liability: 263 shares
+4 more
7 metrics
RSUs exercised
533 shares
Restricted stock units converting into common stock on September 10, 2026
Common shares acquired
533 shares
Shares received upon RSU conversion on September 10, 2026
Shares delivered/withheld for exercise price or tax liability
263 shares
Code F disposition on September 10, 2026
Implied value per withheld share
$144.81 per share
Value used for 263-share payment of exercise price or tax liability
RSUs held after transaction
46,395 units
Restricted stock units directly held following the RSU-related transaction
Initial vesting portion
25.0%
Portion of RSUs vesting on the first anniversary of the grant date
Ongoing quarterly vesting rate
6.25% per quarter
Remaining RSUs vest quarterly after the first anniversary until fully vested
Key Terms
Restricted Stock Unit, vesting schedule, exercise or conversion of derivative security, exercise price or tax liability
4 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.
exercise or conversion of derivative security financial
"Exercise or conversion of derivative security"
exercise price or tax liability 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 transactions did GILD’s Chief Medical Officer report on September 10, 2026?
Dietmar Berger reported RSUs vesting into 533 shares of Gilead common stock, with 263 shares delivered or withheld to cover exercise price or tax liability, resulting in 270 net shares acquired as common stock.
How many GILD restricted stock units vested for the Chief Medical Officer?
533 restricted stock units vested, each representing the right to receive one share of Gilead Sciences, Inc.’s common stock, consistent with the RSU award terms.
What is the vesting schedule of the GILD restricted stock units in this Form 4?
The RSUs have a 4-year vesting schedule: 25% vest on the first anniversary of the grant date, and the remaining balance vests 6.25% quarterly thereafter until fully vested.
Were the GILD insider 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 by Gilead’s Chief Medical Officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.