Form 4: Gap Inc. Director Mayo A. Shattuck III Reports Stock Transactions
SEC Form 4 Filing
Director Mayo A. Shattuck III reports acquisition and disposal of Gap Inc. common stock and derivative securities.
Summary
- On June 30, 2024, Director Mayo A. Shattuck III engaged in transactions involving Gap Inc. common stock and derivative securities.
- The transactions included the acquisition of 5,052 and 816 shares of common stock, as well as the disposal of shares.
- Shattuck also acquired and disposed of dividend equivalent rights and stock units.
- Following these transactions, Shattuck beneficially owns 156,136 shares of common stock, 3,234.1576 dividend equivalent rights, and 46,782 stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for directors and officers of publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 06/30/2021 | Date of original grant for some stock units and dividend equivalent rights. |
| 06/30/2022 | Date of original grant for some stock units and dividend equivalent rights. |
| 06/30/2023 | Date of original grant for some stock units and dividend equivalent rights. |
| 06/30/2024 | Date of the reported transactions. |
| 07/01/2024 | Date of signature on the Form 4. |
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