Gilead CEO Daniel O'Day Converts RSUs; 4,230 Shares Withheld

What Happened

• Daniel Patrick O'Day (Chairman & CEO, Director) had 8,780 restricted stock units (RSUs) convert into common shares on 2026-09-10. Of those, 4,230 shares were surrendered/withheld to cover tax liabilities at a per-share value of $144.81, totaling $612,546. The net new shares delivered to him were 4,550.
• This was a vesting/conversion of equity awards (not an open-market purchase). The withholding to cover taxes is a routine administrative disposition and not a market sale signal.

Key Details

• Transaction date: 2026-09-10; Form 4 filed 2026-09-11 (timely).
• Conversion: 8,780 RSUs → 8,780 shares (derivative exercise/conversion).
• Tax withholding/payment: 4,230 shares withheld at $144.81 per share = $612,546 (reported as disposition).
• Net shares received: 8,780 − 4,230 = 4,550 shares.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 clarifies each RSU converts to one common share. F2 notes the RSUs follow a 4-year vesting schedule (25% at year 1, then 6.25% quarterly thereafter).
• No 10b5-1 plan or late filing indicated.

Context

• This was a standard equity award vesting and tax-withholding event (common for senior executives). The withholding of shares to satisfy taxes is administrative and does not necessarily indicate a decision to sell additional shares on the market.
• For retail investors, award vestings increase insider stock holdings (net), but withheld shares reduce the cash or share benefit realized immediately.