GAP Inc Director Jody Gerson Receives Award of 7,814 Stock Units

What Happened
Jody Gerson, a director of GAP Inc (GAP), was granted 7,814 stock units on 2026-06-30 as an award (transaction type A). The units were recorded at $0.00 (no cash paid). These are contingent stock units (derivative award) that vest immediately but do not convert to actual shares until delivery, which is deferred as described below.

Key Details

• Transaction date: 2026-06-30 — Award of 7,814 stock units at $0.00 (derivative)
• Transaction type: A (award/grant of stock units)
• Shares owned after transaction: not reported in this Form 4
• Footnotes:
  • F1: Each stock unit represents a contingent right to receive one share of GAP common stock.
  • F2: Units vest immediately, but delivery of the underlying shares is deferred for three years from the grant date (unless further deferred) or will occur earlier if the director leaves the Board.
  • F3: Not applicable
• Filing timeliness: Filed 2026-07-01 for a 2026-06-30 grant — appears timely (no late filing indicated)

Context
This was a compensation award of deferred stock units rather than an open-market purchase or sale. Awards like this are common for board members and reflect compensation practices; they do not by themselves signal a buy/sell decision by the insider. Because delivery is deferred, these units are a future right to shares rather than immediately tradable stock.