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 restricted stock units on March 13, 2024.
Summary
- Sarah Gilligan, Chief Supply Chain & Transformation Officer of Gap Inc., reported transactions involving restricted stock units on March 13, 2024.
- The transactions involved the vesting of 10,714 and 35,714 restricted stock units, which convert into common stock.
- Following the vesting, 3,811 and 13,192 shares were disposed of to cover tax obligations at a price of $22.92 per share.
- After these transactions, Gilligan directly owns 29,425 shares of common stock and holds 107,614 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, 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 executive, providing transparency to investors about insider activity. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small fraction of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/13/2023 | Date of grant for 42,857 restricted stock units vesting in four equal annual installments. |
| 03/13/2023 | Date of grant for 71,428 restricted stock units vesting in two equal annual installments. |
| 03/13/2024 | Date of transaction: vesting and disposal of restricted stock units. |
| 03/14/2024 | Date of report filing. |
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