Earnings Feed
Start Free
GAP INC·4

Jul 1, 5:01 PM ET

O'Neill Chris 4

Research Summary

AI-generated summary

Updated

GAP INC Director Chris O'Neill Receives Awards, Exercises Derivatives

What Happened
Chris O'Neill, a member of the Gap Inc. board, had several derivative and award transactions reported for June 30, 2026. The Form 4 shows acquisitions totaling 33,010.193 shares (including awards and exercises/conversions) and dispositions of 20,779.741 shares, yielding a net increase of 12,230.452 shares (about 12,230 shares). All reported transactions have an exercise/grant price of $0 — these were settlements of awards/derivative rights, not open-market purchases.

Key Details

  • Transaction date: 2026-06-30; Form filed 2026-07-01 (timely).
  • Transaction types and amounts:
    • Exercises/conversions (code M): acquired 1,743; acquired 19,036; disposed 1,743.741; disposed 19,036.
    • Grants/awards (code A, derivative): acquired 2,328.193 and acquired 9,903.
  • Prices/value: all reported at $0 (these are award/derivative settlements; no cash purchase amount reported).
  • Net change: +12,230.452 shares (rounded ~12,230 shares).
  • Post-transaction holdings: not specified in the excerpt of the filing provided.
  • Notable footnote points:
    • Dividend equivalent rights are the economic equivalent of one share (F1, F4).
    • Some shares were issued in settlement of dividend equivalents and stock units granted on June 30, 2023 (F4, F7).
    • Stock units represent contingent rights to receive one share; units are immediately vested but delivery is deferred up to three years from grant (or sooner upon cessation of board service) (F5, F6, F2).

Context
These entries reflect internal settlements of awards and derivative conversions (not open-market buying or selling). Exercises/conversions (M) and awards (A) at $0 commonly indicate conversion/settlement of previously granted units or dividend equivalents rather than new cash purchases. Because many of the stock units/dividend equivalents have deferred delivery terms, some shares may not be delivered to O'Neill until up to three years after grant unless he leaves the board earlier. This filing is informational about compensation and settlement activity and does not by itself indicate a buy/sell decision in the market.