O'Day Daniel Patrick 4

What Happened

• Daniel Patrick O'Day, Chairman & CEO of Gilead Sciences (GILD), received 131,675 shares as a performance-based award on Feb 3, 2026 (reported as an acquisition at $0.00). On the same date 74,461 shares were withheld/disposed at $143.28 per share to satisfy tax withholding obligations, totaling approximately $10,668,772. The withholding is reported under transaction code F (tax payment/withholding).

Key Details

• Transaction date: 2026-02-03; Form 4 filed 2026-02-05 (timely filing).
• Award: 131,675 shares granted/acquired at $0.00.
• Withholding/disposition: 74,461 shares at $143.28 each; total value ~$10,668,772.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The shares relate to performance share awards granted March 10, 2023 and March 10, 2024. Performance-vesting was certified; however, shares from the March 10, 2024 grant will not be issued until required continued service conditions are met.
• Transaction code meaning: A = Award/Grant (acquisition); F = Payment of exercise price or tax liability (shares withheld to cover taxes).

Context

• The 74,461-share disposition is a tax-withholding event tied to the award—not an open-market sale. Tax withholding on vested awards is common and does not necessarily indicate CEO selling for cash or signaling a view on the stock.
• This was not an options exercise with an immediate open-market sale; it reflects compensation vesting mechanics and related tax payment.