Form 4: Salaam Coleman Smith Reports Stock Transactions in Gap Inc.
SEC Form 4 Filing
Director Salaam Coleman Smith reports acquisition and disposal of Gap Inc. common stock and derivative securities on June 30, 2024, according to a Form 4 filing.
Summary
- Salaam Coleman Smith, a director of Gap Inc., filed a Form 4 disclosing transactions in Gap Inc. stock and derivative securities.
- On June 30, 2024, Smith acquired 223 shares of common stock through the conversion of derivative securities at a price of $0.00.
- Also on June 30, 2024, Smith acquired 1,384 shares of common stock through the conversion of derivative securities at a price of $0.00.
- Following these transactions, Smith directly owns 6,595 shares of Gap Inc. common stock.
- Smith also acquired 1,070.4458 dividend equivalent rights and 7,115 stock units on June 30, 2024.
- Additionally, 223.7965 dividend equivalent rights and 1,384 stock units were settled on the same date.
- After these transactions, Smith beneficially owns 2,641.0332 dividend equivalent rights and 46,782 stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into the actions of a company 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 transactions: acquisition and disposal of common stock, dividend equivalent rights, and stock units. |
| 07/01/2024 | Date of signature on the Form 4 filing. |
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