Gilead Sciences (NASDAQ: GILD) CEO exercises 8,779 RSUs, 4,213 shares withheld
Rhea-AI Filing Summary
Gilead Sciences, Inc. Chairman & CEO Daniel Patrick O'Day reported the vesting and settlement of 8,779 restricted stock units into an equal number of common shares on June 10, 2026. In connection with this vesting, 4,213 shares of common stock were withheld at $121.4800 per share to satisfy tax obligations. Following these transactions, he directly held 622,133 shares of Gilead common stock, and 92,080 restricted stock units were reported as outstanding.
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Insider Trade Summary
Net Buyer: 4,566 shares
Net Buy
3 txns
Insider
O'Day Daniel Patrick
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 8,779 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,779 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,213 | $121.48 | $512K |
Holdings After Transaction:
Restricted Stock Unit — 92,080 shares (Direct);
Common Stock — 622,133 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 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 vested and converted: 8,779 shares
Shares withheld for taxes: 4,213 shares
Tax withholding price: $121.4800 per share
+2 more
5 metrics
RSUs vested and converted
8,779 shares
Restricted Stock Units converted into common stock on June 10, 2026
Shares withheld for taxes
4,213 shares
Common shares withheld at $121.4800 per share for tax obligations
Tax withholding price
$121.4800 per share
Per-share value used for the tax-withholding disposition
Post-transaction common stock holdings
622,133 shares
Direct Gilead common stock held by Daniel Patrick O'Day after the transactions
Remaining restricted stock units
92,080 units
Restricted Stock Units reported as outstanding after the derivative transaction
Key Terms
Restricted Stock Unit, tax-withholding disposition, vesting schedule
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for Common Stock"
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.
vesting schedule financial
"The restricted stock units have a four-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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did GILD's CEO Daniel O'Day report on June 10, 2026?
Daniel O'Day reported the vesting of 8,779 restricted stock units into common stock and a related tax-withholding transaction of 4,213 shares on June 10, 2026. These entries reflect equity compensation settlement rather than open-market purchases or sales.
What happened to the 8,779 restricted stock units reported by GILD's CEO?
The 8,779 restricted stock units vested and were settled into an equal number of Gilead common shares. Each unit represents a contingent right to one share, subject to the award’s four-year vesting schedule described in the accompanying footnotes.
How many restricted stock units remain outstanding for GILD's CEO after these transactions?
After the reported vesting event, 92,080 restricted stock units were reported as outstanding for Daniel O'Day. These units follow a four-year vesting schedule, with portions vesting over time according to the grant’s terms.