Peters Sheila 4
4 · GAP INC · Filed Mar 27, 2023
Insider Transaction Report
Form 4
GAP INCGPS
Peters Sheila
EVP & Chief People Officer
Transactions
- Tax Payment
Common Stock
2023-03-23$8.84/sh−2,566$22,683→ 30,443.957 total - Exercise/Conversion
Restricted Stock Unit
2023-03-23−7,962→ 77,413 totalExercise: $0.00→ Common Stock (7,962 underlying) - Exercise/Conversion
Common Stock
2023-03-23+7,962→ 33,009.957 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Gap Inc. Common Stock.
- [F2]On March 23, 2020, the reporting person was granted 31,847 restricted stock units, vesting 7,961 shares on the first anniversary of the grant date and 7,962 shares on the second, third and fourth anniversary of the grant date. Vesting (but not distribution) is accelerated on retirement eligibility, subject to the restricted stock units being held for one year following the grant date. 816 shares were previously withheld for mandatory tax withholding on these restricted stock units due to retirement eligibility (Form 4 filed 03/25/2021).