Form 4: Gap Inc. Executive Sarah Gilligan Reports Stock Transactions
SEC Form 4
Chief Supply Chain & Transformation Officer Sarah Gilligan reports the sale and acquisition of Gap Inc. common stock and restricted stock units.
Summary
- Sarah Gilligan, Chief Supply Chain & Transformation Officer of Gap Inc., reported transactions involving the company's common stock and restricted stock units.
- On March 14, 2025, Gilligan sold 29,813 shares of common stock at a weighted average price of $20.3449 per share, as part of a pre-arranged Rule 10b5-1 trading plan.
- On the same day, she also acquired 3,439 shares upon the vesting of restricted stock units and disposed of 1,609 shares to cover tax obligations.
- On March 15, 2025, Gilligan acquired 1,633 shares upon the vesting of restricted stock units and disposed of 829 shares to cover tax obligations.
- Following these transactions, Gilligan directly owns 2,634 shares of Gap Inc. common stock and holds 54,483 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among corporate executives. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the volume of shares traded relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of adoption of Rule 10b5-1 trading plan by the reporting person |
| 03/15/2021 | Date the reporting person was granted 6,531 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 03/14/2022 | Date the reporting person was granted 13,755 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. |
| 03/14/2025 | Date of stock sale and acquisition of restricted stock units. |
| 03/15/2025 | Date of stock sale and acquisition of restricted stock units. |
| 03/17/2025 | Date of report. |
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