Form 4: Gap Inc. CFO Katrina O'Connell Executes Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Gap Inc., Katrina O'Connell, reports the vesting and subsequent sale of restricted stock units.
Summary
- Katrina O'Connell, the Chief Financial Officer of Gap Inc., reported transactions involving Gap Inc. common stock on March 13, 2025.
- These transactions included the vesting of 25,000 and 53,571 restricted stock units, which convert into common stock.
- Following the vesting, O'Connell disposed of 8,945 and 23,854 shares to cover tax obligations at a price of $21.03 per share.
- After these transactions, O'Connell directly owns 45,772 shares of common stock and indirectly owns 670.2942 shares through a family trust.
- She also holds 201,547 and 147,976 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Reporting person was granted 100,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 03/13/2023 | Reporting person was granted 107,142 restricted stock units, vesting in two equal annual installments beginning on the first anniversary of the grant date. |
| 03/13/2025 | Date of transactions: vesting of restricted stock units and disposal of shares for tax obligations. |
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