Dickinson Andrew D 4
Research Summary
AI-generated summary
Gilead (GILD) CFO Andrew D. Dickinson Converts RSUs; 1,341 Shares Withheld
What Happened
Andrew D. Dickinson, Chief Financial Officer of Gilead Sciences (GILD), had 2,796 restricted stock units (RSUs) convert to common shares on 2026-06-10. To cover tax withholding, 1,341 of those shares were surrendered at $121.48 per share for a withholding of $162,905. The remaining 1,455 shares were delivered to him (net value ≈ $176,753 based on the $121.48 per-share figure).
Key Details
- Transaction date: 2026-06-10; Form 4 filed 2026-06-11 (timely filing).
- Conversion: 2,796 RSUs converted to common stock (reported with code M).
- Tax withholding: 1,341 shares withheld/ disposed (code F) at $121.48 each = $162,905.
- Net shares delivered to insider: 1,455 shares (2,796 − 1,341). Net value ≈ $176,753 based on $121.48 per share (approximate).
- Footnotes: F1 — each RSU equals the right to one share; F2 — these RSUs follow a 4-year vesting schedule (25% after one year, then 6.25% quarterly).
- Shares owned after the transaction are not specified in the provided filing.
Context
This was a routine conversion/vesting of RSUs and a cashless-like withholding to satisfy tax obligations, not an open-market buy or sell. RSU vesting and withholding are common forms of executive compensation and do not necessarily signal a personal view on the stock. Code meanings: M = exercise/conversion of a derivative (here, RSU conversion), F = payment of tax liability via share withholding.