Form 4: Gap Inc. Executive Sarah Gilligan Reports Stock Transactions
SEC Form 4 Filing
Sarah Gilligan, Chief Supply Chain & Transformation Officer at Gap Inc., reports the vesting and subsequent disposal of shares to cover tax obligations.
Summary
- On September 14, 2024, Sarah Gilligan, Chief Supply Chain & Transformation Officer of Gap Inc., had 17,946 restricted stock units vest.
- Following the vesting, 9,095 shares were disposed of at a price of $21.21 to cover tax obligations.
- After these transactions, Gilligan directly owns 8,851 shares of Gap Inc. common stock and 105,983 derivative securities.
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 Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | Reporting person was granted 35,893 restricted stock units. |
| 09/14/2023 | 17,947 shares of restricted stock units vested. |
| 09/14/2024 | 17,946 restricted stock units vested; 9,095 shares disposed of to cover tax obligations. |
| 09/16/2024 | Date of signature for the Form 4 filing. |
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