Peters Sheila 4

Accession 0001807087-23-000004

CIK 0000039911other

Filed

Mar 15, 8:00 PM ET

Accepted

Mar 16, 7:42 PM ET

Size

23.9 KB

Accession

0001807087-23-000004

Form 4

Period: 2023-03-14

EVP & Chief People Officer

Transactions

Exercise/Conversion
Common Stock
2023-03-14+5,158→ 25,277.957 total
Tax Payment
Common Stock
2023-03-14$9.98/sh−537$5,359→ 23,525.957 total
Tax Payment
Common Stock
2023-03-15$9.75/sh−582$5,675→ 24,750.957 total
Exercise/Conversion
Common Stock
2023-03-15+437→ 25,187.957 total
Exercise/Conversion
Restricted Stock Unit
2023-03-15−1,807→ 85,812 total
Exercise: $0.00→ Common Stock (1,807 underlying)
Tax Payment
Common Stock
2023-03-15$9.75/sh−140$1,365→ 25,047.957 total
Tax Payment
Common Stock
2023-03-14$9.98/sh−1,752$17,485→ 23,525.957 total
Exercise/Conversion
Common Stock
2023-03-14+537→ 24,062.957 total
Exercise/Conversion
Common Stock
2023-03-15+1,807→ 25,332.957 total
Exercise/Conversion
Restricted Stock Unit
2023-03-14−5,158→ 88,156 total
Exercise: $0.00→ Common Stock (5,158 underlying)
Exercise/Conversion
Restricted Stock Unit
2023-03-14−537→ 87,619 total
Exercise: $0.00→ Common Stock (537 underlying)
Exercise/Conversion
Restricted Stock Unit
2023-03-15−437→ 85,375 total
Exercise: $0.00→ Common Stock (437 underlying)

Footnotes (7)

[F1]Balance adjusted to reflect shares acquired under the Gap Inc. Employee Stock Purchase Plan.
[F2]Mandatory tax withholding on vesting of restricted stock units due to retirement eligibility.
[F3]Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
[F4]On March 14, 2022, the reporting person was granted 20,632 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date.
[F5]The restricted stock units granted March 14, 2022 for which the reporting person is retirement eligible vest 5,158 shares on each of March 14, 2024, March 14, 2025 and March 14, 2026. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the RSUs being held for one year following the grant date.
[F6]On March 15, 2021, the reporting person was granted 8,068 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Vesting (but not distribution) of 210 shares was accelerated for tax withholding upon the anniversary of the grant date due to retirement eligibility.
[F7]On March 15, 2021, the reporting person was granted 960 restricted stock units, vesting in two equal annual installments beginning on the second anniversary of the grant date. Vesting (but not distribution) of 43 shares was accelerated for tax withholding on November 15, 2022 due to retirement eligibility.

Documents

1 file

GAP INC

CIK 0000039911

Entity typeother