Gilead executive converts 2,223 stock units to shares
The restricted stock units follow a 4-year schedule, with 25% vesting on the grant's first anniversary and the balance vesting quarterly.
Rhea-AI Filing Summary
At Gilead Sciences, Inc., SVP, Controllership Erin Burkhart converted 2,223 restricted stock units into 2,223 common shares on September 22, 2026. Another 768 shares were delivered or withheld for payment of exercise price or tax liability at $152.67 per share. Her reported post-transaction position included 9,022 restricted stock units. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,223 shares exercised/converted
Exercise
3 txns
Insider
Burkhart Erin
Role
SVP, Controllership
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 2,223 | -- | -- |
| Exercise | Common Stock F1 | 2,223 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 768 | $152.67 | $117K |
Holdings After Transaction:
Restricted Stock Unit — 9,022 contracts (Direct);
Common Stock — 1,455 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
Restricted stock units converted: 2,223 restricted stock units
Common shares received: 2,223 common shares
Shares delivered or withheld: 768 shares
+5 more
8 metrics
Restricted stock units converted
2,223 restricted stock units
September 22, 2026
Common shares received
2,223 common shares
September 22, 2026
Shares delivered or withheld
768 shares
For payment of exercise price or tax liability on September 22, 2026
Price per share
$152.67 per share
Shares delivered or withheld on September 22, 2026
Restricted stock units following transaction
9,022 restricted stock units
Reported post-transaction position
Vesting schedule
4 years
Restricted stock units
First-anniversary vesting
25%
Vests on the first anniversary of the grant date
Subsequent vesting
6.25% quarterly
Balance vests quarterly until fully vested
Key Terms
restricted stock unit, contingent right, vesting schedule
3 terms
restricted stock unit financial
"Each restricted stock unit represents the contingent right"
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.
contingent right financial
"contingent right to receive one share"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do GILD restricted stock units vest?
The restricted stock units have a 4-year vesting schedule: 25% vest on the first anniversary of the grant date, and the balance vests 6.25% quarterly thereafter until fully vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
