Mercier Johanna 4

What Happened Johanna Mercier, Chief Communications & Corporate Affairs Officer at Gilead Sciences (GILD), exercised/converted derivative awards and received new restricted stock unit (RSU) awards on March 10, 2026. The filing shows an exercise/conversion of 6,617 option-derived shares and grants/awards totaling 45,470 RSU-type shares (9,590 and 35,880). To cover tax withholding related to the transaction, 3,216 shares were surrendered/ disposed at $148.56 per share, generating proceeds of $477,769.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely within typical 2-business-day window).
• Exercises/conversions: 6,617 shares (derivative exercise).
• Awards/grants received: 9,590 RSU-equivalent shares and 35,880 RSU-equivalent shares (both marked as derivative/award). The 35,880 award shows $0.00 per share (no cash paid).
• Tax withholding/covering: 3,216 shares were disposed at $148.56 to satisfy tax liabilities, totaling $477,769. (Transaction code F = tax withholding.)
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share of common stock.
  • F2: RSUs vest over four years (25% at year one, then 6.25% quarterly).
  • F3: Stock options vest over four years (25% at year one, then 6.25% quarterly).

Context

• This was effectively an option exercise and RSU grant combined with a typical "sell/withhold to cover taxes" (the 3,216-share disposal) rather than an open-market sale for investment purposes. Such tax-withholding disposals are routine following option exercises or vesting events.
• Derivative transactions (M) indicate exercise/conversion of options or other derivative awards; the RSU lines (A) are grants/awards that convert to shares per the vesting schedule above.
• The filing provides facts about the transactions but does not indicate motivation or future outlook.