Thompson Amanda J 4

What Happened Amanda J. Thompson, Chief People Officer of Gap Inc. (GAP), had 11,627 restricted stock units (RSUs) convert to common shares on March 17, 2026 (reported 2026-03-18). The RSU conversion shows 11,627 shares acquired at $0.00. To satisfy tax withholding related to the vesting, 5,915 of those shares were withheld (disposed) at a value of $23.34 per share, totaling about $138,056. After withholding, Thompson retained a net 5,712 shares from this vesting.

Key Details

• Transaction date: March 17, 2026 (Form filed March 18, 2026).
• Conversion (code M): 11,627 RSUs converted to shares at $0.00.
• Tax withholding (code F): 5,915 shares withheld at $23.34 each = $138,056 (approx).
• Net shares retained from this vesting: 5,712 (11,627 − 5,915).
• Footnotes: F1 clarifies each RSU equals a contingent right to one common share. F2 notes the RSUs were granted on March 17, 2025 (34,883 RSUs total, vesting in three equal annual installments—one installment vested here).
• Filing timeliness: Report covers 2026-03-17 and was filed on 2026-03-18 (not late).

Context

• This was an RSU vesting and related tax withholding, not an open-market sale. Withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a buying or selling signal.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of tax liability via share withholding.